Moody's: Korea Development Bank view stable

Moody's Investors Service said it changed the outlook on Korea Development Bank's Aa3 long-term deposit ratings to stable from negative.

At the same time, Moody's affirmed the bank's long-term deposit ratings of Aa3, its senior unsecured debt ratings/senior unsecured medium-term notes/senior unsecured shelf ratings of Aa3/(P)Aa3/(P)Aa3, its bank financial strength rating of D, which maps to standalone credit assessment of Ba2, and its short-term bank deposit rating/ commercial paper/medium-term notes program ST ratings of P-1/P-1/(P)P-1.

"The change in outlook on KDB's long-term deposit ratings to stable from negative reflects our view that KDB's ultimate parent, KDB Financial Group (KDB FG, unrated), is unlikely to be privatized, at least over the next one to two years," Moody's analyst Hyun Hee Park said in a news release.

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