Moody’s rates Korea Housing bonds Aaa

Moody’s Investors Service said it provisionally rated Korea Housing Finance Corp.’s mortgage covered bonds (P)Aaa under its $15 billion global covered bond program.

The series of bonds to be sold is expected to be hard bullet social covered bonds for about €500 million with a four-year maturity.

The bonds will be backed by Korean residential mortgage loans.

The outlook is stable.

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