S&P gives Korea Development Bank bonds A

Standard & Poor's said it assigned its A rating to Korea Development Bank's (foreign currency A/negative/A-1; local currency --/A-1) shelf registration drawdown of proposed dollar-denominated senior unsecured bonds.

The ratings on the bank reflect S&P's opinion that there is an extremely high likelihood that the government of Korea (foreign currency A/stable/A-1; local currency A+/stable/A-1) would provide timely and sufficient extraordinary support to the bank in the event of financial distress, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.