Moody's: Korea Development Bank view to stable

Moody's Investors Service said it has revised the outlook on the Korea Development Bank's A1 foreign-currency long-term senior unsecured debt rating to stable from negative.

The bank's bank financial strength rating is affirmed at D, baseline credit assessment of Ba2, global local- and foreign-currency long-term deposit ratings at A1 and local- and foreign-currency short-term deposit and debt ratings at prime-1.

The global local- and foreign-currency long-term deposit ratings continue to have negative outlook.

The outlook revision on the bank's long-term foreign-currency senior unsecured debt rating reflects its view that the National Assembly in Korea is likely to take necessary action to provide it with a government guarantee, Moody's said.

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