KEB Hana Bank US$5 Billion Global Covered Bond Series 2 Assigned 'AAA' Rating; Series 1 'AAA' Rating Affirmed

HONG KONG (S&P Global Ratings) May 4, 2023--S&P Global Ratings today assigned its 'AAA' rating to the Series 2 covered bonds issued by KEB Hana Bank under its US$5 Billion Global Covered Bond Program. The outlook is stable. The Series 2 covered bonds are €600 million, fixed-rate, three-year maturity bonds with bullet principal repayments plus a one-year maturity extension feature. At the same time, we affirmed our 'AAA' rating on the existing Series 1 covered bonds, and on KEB Hana Bank's US$5 Billion Global Covered Bond Program (see list). The outlook is stable. Our covered bond rating process follows the methodology and assumptions outlined in our "Covered Bonds Criteria," published on Dec. 9, 2014, and "Covered Bond Ratings Framework: Methodology

...May 4, 2023 HONG KONG (S&P Global Ratings) May 4, 2023--S&P Global Ratings today assigned its '###' rating to the Series 2 covered bonds issued by KEB Hana Bank under its US$5 Billion Global Covered Bond Program. The outlook is stable. The Series 2 covered bonds are 600 million, fixed-rate, three-year maturity bonds with bullet principal repayments plus a one-year maturity extension feature. At the same time, we affirmed our '###' rating on the existing Series 1 covered bonds, and on KEB Hana Bank's US$5 Billion Global Covered Bond Program (see list). The outlook is stable. Our covered bond rating process follows the methodology and assumptions outlined in our "Covered Bonds Criteria," published on Dec. 9, 2014, and "Covered Bond Ratings Framework: Methodology And Assumptions," published on June 30, 2015. From our analysis of the covered bonds issued by KEB Hana Bank, we have concluded that the assets in the cover pool are appropriately isolated from the risk of KEB Hana Bank's insolvency....

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