(ADPnews) - Oct 13, 2010 - S&P today attached its A rating to the proposed benchmark global US dollar senior unsecured bonds to be issued by Export-Import Bank of Korea (KEXIM) within its existing shelf.
The rating will be completed upon review of final terms of the transaction.
The bank is rated into the same level as its sole owner, the Korean government, which will almost certainly lend a helping hand if the bank faces financial pains, S&P noted. This very high level of certainty regarding the parental backing for KEXIM is based on its "critical role as a legally mandated credit agency, and its integral link with the Korean government," the service added. …
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