Moody's rates Kookmin Bank note A3

Moody's Investors Service said it assigned an A3 rating to Kookmin Bank's proposed dollar-denominated benchmark senior unsecured notes, which will be drawn under the bank's $4 billion global medium-term note program.

The outlook for the rating is positive.

The ratings reflect Kookmin Bank's leading position as South Korea's largest bank and dominant retail banking franchise, Moody's said. The bank also enjoys moderate financial fundamentals, as indicated by its D+ bank financial strength rating, and strong regulatory support, if needed, given the bank's size and franchise.

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