Fitch rates Korea Finance notes AA-

Fitch Ratings said it assigned Korea Finance Corp.'s (AA-/stable) proposed long-term senior unsecured euro-denominated notes an expected AA-(EXP) rating.

The proceeds will be used for Korea Finance's general operations, including extending foreign currency loans.

The bonds are rated at the same level as Korea Finance's long-term issuer default rating of AA-, which in turn is equalized with the IDR of South Korea. The rating reflects Fitch's belief of an extremely high probability of support, in case of need, from the government for Korea Finance.

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