Moody's rates KDB notes A3

Moody's Investors Service said it assigned an A3 rating to Korea Development Bank's (KDB) proposed €500 million senior unsecured issuance due 2010 under the euro medium-term note program.

The outlook is stable.

Moody's said the rating reflects KDB's special status as Korea's primary developmental finance institution. The bank functions as a conduit for funds derived from domestic and foreign sources that are channeled to strategic, and often under-served, sectors.

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