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) $400 million of 5.75% inaugural international bond due Sept. 14, 2016.

The agency said that its issuer credit ratings on the company 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 the company's close relation with the Ministry of Commerce, Industry and Energy as Small Business manages SME funds, which is part of the government budget, the agency added.

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