Moody’s affirms Korea Development Bank

Moody's Investors Service said it affirmed the Aa2 long-term foreign currency senior unsecured and bank deposit ratings of Korea Development Bank with a stable outlook.

At the same time, Moody's affirmed all of the bank's other ratings and assessments.

The outlook is stable.

The agency said the affirmation of KDB's short-term and long-term ratings reflects an assessment of the extremely high likelihood that the Korean government (Aa2, stable) will provide support to the bank in times of need.

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