Moody's rates Korea Development Bank issues Aa3

Moody's Investors Service said it assigned an Aa3 rating to both of Korea Development Bank's Japanese yen bonds issuances - Japanese yen fixed-rate 25th series (2007) due 2012 and Japanese Yen floating-rate first series (2007) due 2012.

The outlook is stable.

The ratings reflect the bank's special status as Korea's primary developmental finance institution, the agency said. It also plays a critical role in the country's reform efforts - it provides funds to restructuring corporations with liquidity needs, Moody's said.

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