Korea Credit Guarantee Fund

Overview Key strengths Key risks Almost certain likelihood of extraordinary government support if needed. High credit risk arising from credit guarantees to small and midsize enterprises (SMEs) without tangible collateral. Integral links with the Korean government under Korea Credit Guarantee Fund Act. Financial performance highly sensitive to economic downturn. Record of government support. The stable outlook on Korea Credit Guarantee Fund (KODIT) reflects the outlook on the sovereign credit rating on Korea (AA/Stable/A-1+). This reflects our view that the fund will maintain its critical policy role of facilitating financing access for SMEs and its integral link with the Korean government over at least the next two years. The ratings on KODIT will therefore move in line with those on the

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