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Moody's: Korea Exchange notes A2
Moody's Investors Service said it assigned an A2 rating to the proposed dollar-denominated unsubordinated notes of Korea Exchange Bank to be drawn from the bank's $4 billion program for the issuance of debt instruments.
The outlook is positive.
Moody's said the rating incorporates: (a) Korea Exchange Bank's bank financial strength rating of C-, which maps to a Baa2 baseline credit assessment on the long-term scale; and (b) Moody's assessment of the very high probability of government support.
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