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Prospect News home > News index > List of issuers K > Headlines for Korea Development Bank > News item
Published on 6/15/2005 in the Prospect News Emerging Markets Daily.

Fitch rates KDB bond A

Fitch Ratings said it assigned Korea Development Bank's ¥30 billion samurai bond issue an expected A rating, in line with the bank's senior unsecured rating.

The bank's long-term A rating is in line with that of the Republic of Korea, reflecting the bank's quasi-sovereign status, Fitch said, noting that the government is obliged under the KDB Act to maintain the bank's solvency.

The agency noted that strong government support was evident in April 2004, when authorities injected KRW 1 trillion of new capital into the bank.


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