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Moody's rates Korea Development Bank notes A3
Moody's Investors Service said it assigned an A3 rating to Korea Development Bank's benchmark U.S. fixed notes issued under the $3 billion global shelf registration program.
The outlook is stable.
Moody's said the rating reflects the company'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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