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S&P rates Small Business bond A
Standard & Poor's said it assigned its A senior unsecured long-term foreign currency debt rating to Small Business Corp.'s (foreign currency A/stable/A-1, local currency A+/stable/A-1) proposed eurodollar bond due 2016.
The agency said its issuer credit ratings on SBC are based on its key public policy role in executing the government of the Republic of Korea's (foreign currency A/stable/A-1, local currency A+/stable/A-1) strategies for the small and midsize enterprise sector.
In addition, the ratings factor in its close relation with the Ministry of Commerce, Industry and Energy as SBC manages the sector's funds, which is a part of the government budget, the agency added.
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