Fitch rates KDB bonds A+

Fitch Ratings said it assigned an expected rating of A+ to Korea Development Bank's proposed senior unsecured dollar-denominated global bond issue.

The bonds will be issued under the bank's shelf filing.

The bank's has a long-term foreign-currency issuer default rating, which is in turn aligned with that of the Republic of Korea (A+/negative), reflecting the bank's quasi-sovereign status.

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