Korea Housing Finance Corp.'s Proposed U.S. Dollar-Denominated Senior Unsecured Notes Assigned 'AA' Rating

HONG KONG (S&P Global Ratings) Sept. 5, 2024--S&P Global Ratings today assigned its 'AA' long-term foreign currency issue rating to the U.S. dollar-denominated senior unsecured social notes that Korea Housing Finance Corp.(KHFC) proposes to issue. The rating is subject to our review of the final terms and conditions. We equalize the issue rating on the proposed notes with the long-term issuer credit rating on KHFC (AA/Stable/A-1+). This is because the notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of the Korea-based provider of housing finance. They will rank equally with all its other unsecured and unsubordinated obligations. KHFC intends to use the net proceeds from the issue to facilitate access to housing finance for end-users in Korea. The agency

...September 4, 2024 HONG KONG (S&P Global Ratings) Sept. 5, 2024--S&P Global Ratings today assigned its '##' long-term foreign currency issue rating to the U.S. dollar-denominated senior unsecured social notes that Korea Housing Finance Corp.(KHFC) proposes to issue. The rating is subject to our review of the final terms and conditions. We equalize the issue rating on the proposed notes with the long-term issuer credit rating on KHFC (##/Stable/A-1+). This is because the notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of the Korea-based provider of housing finance. They will rank equally with all its other unsecured and unsubordinated obligations. KHFC intends to use the net proceeds from the issue to facilitate access to housing finance for end-users in Korea. The agency will do this through a diverse range of mortgage loan products, as detailed in its Sustainable Financing Framework. The issuer credit ratings on KHFC reflect the agency's critical public...

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