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Moody's rates Korea Development Bank notes A1
Moody's Investors Service said it assigned an A1 rating to Korea Development Bank's proposed 3 billion in Thai baht senior unsecured notes.
The outlook is stable.
The rating is underpinned by government support for the bank under the KDB Act, Moody's said.
. The stable outlook reflects a view that the national assembly in Korea is likely to take necessary action to provide it with the government guarantee stipulated in the act, the agency said.
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