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S&P rates Korea Exchange Bank paper A-2
Standard & Poor's said it assigned an A-2 rating to Korea Exchange Bank's proposed $2 billion euro commercial paper program.
The outlook is stable.
The BBB+/A-2 ratings on the bank reflect the competitive strengths of its international trade finance and foreign exchange operations, its good asset quality and adequate capitalization, the agency said.
The constraining factors on the bank's ratings are its relatively weak domestic market position compared to its major competitors and uncertainty over its shareholding structure, S&P added.
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