Fitch rates Small Business bonds A+

Fitch Ratings said it assigned a long-term debt rating of A+ to the prospective dollar-denominated fixed-rate notes issue of the Small Business Corp. in the Republic of Korea.

Small Business announced its intention to bring to market a dollar-denominated fixed-rate note offering that matures in 2016. Credit Suisse, Merrill Lynch & Co. and UBS Investment Bank are joint lead managers for the prospective notes, which will be listed on the Singapore Stock Exchange. Approval for the offering was obtained from Korea's Ministry of Finance.

At the same time, the agency affirmed the bank's long-term foreign currency rating of A+, its long-term local currency rating of AA and its short-term foreign currency rating of F1.

The outlook is stable.

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