Moody's rates Korea Housing A2

Moody's Investors Service said it assigned an A2 foreign-currency long-term issuer rating and a Prime-1 foreign-currency short-term issuer rating to Korea Housing Finance Corp.

The outlook is stable.

The agency said that Korea Housing is an important policy arm of the South Korean government to support housing finance among mid-to-low income earners and, therefore, the support probability and dependence factors for the company's ratings are significant enough that its final ratings are equal to the that of the government.

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