...HONG KONG (Standard & Poor's) Nov. 6, 2014--Standard & Poor's Ratings Services today affirmed its 'A+/A-1' foreign currency long- and short-term counterparty credit ratings and '##-/A-1+' local currency long- and short-term counterparty credit ratings on Korea Housing Finance Corp. (KHFC). We subsequently withdrew the ratings at the company's request. At the time of the withdrawal, the outlook on the foreign currency rating was positive, while the outlook on the local currency rating was stable. The affirmations reflected our opinion that KHFC has an "almost certain" likelihood of receiving timely and sufficient extraordinary support from the government of Korea (foreign currency rating A+/Positive/A-1; local currency rating ##-/Stable/A-1+) in the event of financial distress. At the time of the ratings withdrawal, the positive outlook on the foreign currency rating on KHFC reflected that on the long-term foreign currency rating on Korea. Similarly, the stable outlook on the local-currency...
