S&P rates Korea bonds A+

Standard & Poor's said it assigned its A+ long-term issue rating to the proposed benchmark size euro- and dollar-denominated global bonds by the Republic of Korea (foreign-currency A+/stable/A-1 and local-currency AA-/stable/A-1+).

The bonds will constitute the direct, unconditional, unsubordinated and unsecured obligations of the Republic of Korea.

S&P said the ratings reflect the country's favorable policy environment, sound fiscal position and net external creditor position. Significant security risks and contingent liabilities offset these strengths.

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