Moody's assigns Aa2 to Kexim (Singapore)

Moody’s Investors Service said it assigned Aa2 foreign- and local-currency issuer ratings to Kexim Global (Singapore) Ltd.

Kexim Global is a unit of the Export-Import Bank of Korea (Kexim), which Moody’s rated Aa2. The subsidiary was established to help Korean companies in their overseas operations, investments and contract acquisitions.

“Issuer ratings reflect Moody's view of the ability of the issuer to honor senior unsecured debt and debt-like obligations,” the agency said in a statement.

The outlook is stable, which mirrors the outlook of the parent.

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