Kookmin Bank's US$10 Billion Certificate Of Deposit Program Rated 'A/A-1' - S&P Global Ratings’ Credit Research

Kookmin Bank's US$10 Billion Certificate Of Deposit Program Rated 'A/A-1'

Kookmin Bank's US$10 Billion Certificate Of Deposit Program Rated 'A/A-1' - S&P Global Ratings’ Credit Research
Kookmin Bank's US$10 Billion Certificate Of Deposit Program Rated 'A/A-1'
Published Mar 04, 2016
Published Mar 04, 2016
Price US$ 150.00  |  Buy this Report Now

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Abstract:

HONG KONG (Standard&Poor's) March 4, 2016--Standard&Poor's Ratings Services today said that it has assigned its 'A' long-term and 'A-1' short-term issue ratings to Kookmin Bank's (A/Stable/A-1) US$10 billion certificate of deposit program. We have equalized the issue ratings with the issuer credit ratings on Kookmin Bank. That is because the issuer's obligations under the program will constitute direct, unconditional, unsubordinated, and unsecured obligations of the issuer. They will rank at least pari passu with all other present and future unsecured and unsubordinated obligations of the issuer. We expect Kookmin Bank to maintain its overall stable funding and liquidity profiles. We believe the Bank will not likely significantly increase its short-term foreign currency wholesale funding nor increase

  
Report Type:

Ratings Action

Ticker
6000@KS
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Kookmin Bank's US$10 Billion Certificate Of Deposit Program Rated 'A/A-1'" Mar 04, 2016. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Kookmin-Bank-s-US-10-Billion-Certificate-Of-Deposit-Program-Rated-A-A-1-1590908>
  
APA:
S&P Global Ratings’ Credit Research. (). Kookmin Bank's US$10 Billion Certificate Of Deposit Program Rated 'A/A-1' Mar 04, 2016. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Kookmin-Bank-s-US-10-Billion-Certificate-Of-Deposit-Program-Rated-A-A-1-1590908>
  
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