Fitch rates Korea Development Bank bond A

Fitch Ratings said it assigned Korea Development Bank's planned global bond an expected rating of A. The issue size is not yet confirmed but is expected to be a benchmark size.

Fitch said the company's long-term A rating is in line with that of the Republic of Korea, reflecting the bank's quasi-sovereign status. The government of Korea is obliged under the Korea Development Bank Act to maintain the bank's solvency and is, in Fitch's view, strongly committed to ensuring that the bank is able to meet its obligations in a timely manner.

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