Moody's rates Korea National Housing bonds A3

Moody's Investors Service said it assigned an A3 senior unsecured rating to the proposed eurobonds issued by Korea National Housing Corp.

The outlook is stable.

The bond proceeds will be used for its general corporate purposes.

Moody's said the A3 rating reflects the application of Moody's rating methodology for government-related issuers given Korea National Housing's 100% government ownership. A baseline credit assessment of 3 is underpinned by Korea National Housing's close integration with the Korean government as the national body for executing the country's public housing policy.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.