TOKYO (Standard&Poor's) Nov. 16, 2009--Standard&Poor's Ratings Services today assigned its 'A/A-1' foreign currency and 'A+/A-1' local currency ratings to Korea Housing Finance Corp. (KHFC). The outlooks on the long-term ratings are stable. The ratings on KHFC are equalized with the ratings on the government of Korea (foreign currency rating A/Stable/A-1; local currency rating A+/Stable/A-1), reflecting Standard&Poor's opinion that there is an "almost certain" likelihood that the Korean government would provide timely and sufficient extraordinary support to KHFC in the event of financial distress. In accordance with Standard&Poor's criteria for government-related entities (GREs), our ratings approach is based on our view of KHFC's critical role for, and integral link with, the government. KHFC
