Korea Housing Finance Corp.'s Proposed Senior Unsecured Notes Assigned 'AA' Rating

HONG KONG (S&P Global Ratings) Jan. 31, 2023--S&P Global Ratings today assigned its 'AA' long-term foreign currency issue rating to Korea Housing Finance Corp. (KHFC)'s proposed U.S. dollar-denominated senior unsecured social bonds. The rating is subject to our review of the final issuance documentation. We equalize the issue rating on the proposed notes with the long-term issuer credit rating on KHFC (AA/Stable/A-1+) because the notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of the company. They will rank equally with all its other unsecured and unsubordinated obligations. KHFC intends to use net proceeds from the issuance to facilitate housing finance for low and middle-income earners in accordance with its Sustainability Financing Framework. The issuer credit ratings on KHFC reflect

...January 31, 2023 HONG KONG (S&P Global Ratings) Jan. 31, 2023--S&P Global Ratings today assigned its '##' long-term foreign currency issue rating to Korea Housing Finance Corp. (KHFC)'s proposed U.S. dollar-denominated senior unsecured social bonds. The rating is subject to our review of the final issuance documentation. We equalize the issue rating on the proposed notes with the long-term issuer credit rating on KHFC (##/Stable/A-1+) because the notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of the company. They will rank equally with all its other unsecured and unsubordinated obligations. KHFC intends to use net proceeds from the issuance to facilitate housing finance for low and middle-income earners in accordance with its Sustainability Financing Framework. The issuer credit ratings on KHFC reflect the agency's critical public policy role of providing long-term housing finance and its integral link with the government, indicated by the strong...

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