Fitch affirms Korea Exchange Bank

Fitch Ratings said it affirmed Korea Exchange Bank's long-term foreign-currency issuer default rating at A-, along with its short-term foreign-currency issuer default rating at F2, viability rating at BBB+ and senior unsecured debt at A-.

The outlook is stable.

The affirmation reflects the continued belief of an extremely high propensity for support from South Korean government, if needed, Fitch said.

The bank is systematically important not only as one of the main commercial banks in South Korea, but also as a key player in trade finance and foreign-currency settlement, the agency said.

The ratings are underpinned by the bank's strong capitalization and solid franchise, especially in providing trade finance and foreign-exchange services to importers, exporters and retail customers, Fitch said.

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