Fitch rates Hana Bank notes A+

Fitch Ratings said it assigned an expected rating of A+ to the planned three year, senior unsecured notes issue by Hana Bank.

The rating, two notches above Hana Bank's issuer default rating of A- with negative outlook, is the same as the issuer default rating of the Republic of Korea as it is providing an irrevocable guarantee for the issue.

The rating is contingent upon receipt of final documents. The notes will be the first government guaranteed debt issue by a Korean bank under the government's $100 billion guarantee program for foreign-currency denominated debts of Korean banks, Fitch said.

The guarantee program was put in place in response to the recent adverse conditions in global financial markets, the agency said.

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