Fitch affirms Korea Housing Finance

Fitch Ratings said it affirmed Korea Housing Finance Corp.'s foreign currency long-term issuer default rating at AA- and foreign currency short-term issuer default rating at F1+.

The outlook is stable.

“KHFC's ratings are equalised with the ratings of Korea (AA-/stable/F1+) based on its legal status, firm government ownership, strong regulatory control framework as well as strong socio-political and financial implications to the sponsor if it were to default,” the agency said in a news release.

“There is, therefore, a high likelihood that it would receive extraordinary government support if needed.”

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