ID :
202305
Fri, 08/19/2011 - 10:47
Auther :
Shortlink :
https://oananews.org//node/202305
The shortlink copeid
Korea Housing Finance gets 'A+' rating from Fitch
SEOUL, Aug. 19 (Yonhap) -- South Korea's state-run mortgage provider said Friday that global credit appraiser Fitch Ratings has assigned a rating of "A+" to its long-term bonds, a level on par with the country's sovereign rating.
The Korea Housing Finance Corp. (KHFC) said Fitch has also offered an "F1" rating, a top-tier level, to its short-term foreign currency bonds.
Fitch's decision was based on its evaluation that the KHFC is considered a quasi-government agency, which makes it financially viable by receiving government funding in case of emergency, the state-run agency said.
The KHFC said the decision will help it improve its profile in global financial markets and raise funding with lower borrowing costs in overseas markets.
The Korea Housing Finance Corp. (KHFC) said Fitch has also offered an "F1" rating, a top-tier level, to its short-term foreign currency bonds.
Fitch's decision was based on its evaluation that the KHFC is considered a quasi-government agency, which makes it financially viable by receiving government funding in case of emergency, the state-run agency said.
The KHFC said the decision will help it improve its profile in global financial markets and raise funding with lower borrowing costs in overseas markets.
