Today, GIC is delighted to partner with KoFC
to launch the era of Korean investment into the GCC and between our two regions." Mr.
Moody's Investors Service has assigned an (P)A1 rating to Korea Finance Corporation's ("KoFC
") USD 5billion SEC registered program, through which it can issue senior unsecured debt securities.
will use the raised funds to back its general activities, including extending foreign currency loans.
The rating action reflects Moody's consideration that KDB's announced re-merger with KoFC
will not affect the ratings of the two institutions.
FSC officials said the merger between KDB and KoFC
will be completed by July next year after receiving approval from the National Assembly.
The Korea Finance Corporation (KoFC
) is a Korean government owned agency whose mandate is to support the growth of the Korean economy through financing sectors of significant contribution to the overall economy.
, which is rated at A/A-1 with a "stable" outlook by S&P, is a spin-off entity from Korea Development Bank, which is in the process of privatisation.
On October 28, the Korea Development Bank (KDB) officially separated into Korea Finance Corporation (KoFC
) and KDB Financial Group (KDB FG), paving the way for the organization's planned privatization in 2011.
Hong Kong: Credit rating agency Fitch has affirmed Korea Finance Corporation's (KoFC
), Korea Development Bank's (KDB), Export-Import Bank of Korea's (KEXIM), and Industrial Bank of Korea's (IBK) Long-Term Foreign Currency Issuer Default Ratings (IDRs) at 'AA-'.
) to raise efficiency in policy financing, about four years after the latter was spun off from the former, the government announced Monday.
16 March 2011 -- S&P today rated at A the HKD460m (USD59m/EUR42m) five-year 3.4% notes issued by Korea Finance Corp (KoFC