S&P rates Korea bonds AA

S&P said it assigned its AA long-term foreign-currency rating to the Republic of Korea’s (proposed senior unsecured bonds, which is the same as Korea’s issuer rating.

“The notes represent direct, general, unconditional, as well as unsubordinated obligations of the sovereign and rank equally with the sovereign’s other unsecured and unsubordinated debt obligations,” S&P said in a press release.

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