With Outlook Stable, KHFC
is a government-owned quasi-governmental institution established in 2004, which was incorporated under the Korea Housing Finance Corporation Act (KHFC
Act) to promote Korea's housing welfare and housing finance industry.
Specifically, KEXIM, IBK, KDB and KHFC
benefit from their individual
"The Bank of Korea, as the second-biggest shareholder, has good reasons to inject additional money into KHFC
," FSC Director Kim Yong-beom said Tuesday.
has received home mortgage loans from Citibank and sold it back to the bank after securitising them.
Ratings Equalised With Sovereign: KHFC
's ratings are equalised with the ratings of Korea (AA-/Stable/F1+) based on its legal status, firm government ownership, strong regulatory control framework as well as strong socio-political and financial implications to the sponsor if it were to default.
's ratings are equalised with those of the sovereign to reflect its quasi-sovereign status and the high likelihood of timely support from the government, the agency explained.
Hong Kong: Moody's Investors Service has affirmed Korea Housing Finance Corporation's (KHFC
) long-term foreign currency issuer rating of Aa2 and short-term foreign currency issuer rating of Prime-1.
26 July 2011 -- Moody's said it gave a final Aa3 long-term rating to Korea Housing Finance Corp's (KHFC
) USD500m (EUR345.6m) covered bonds.
), the government will help lower mortgage loan interest rates.
The six entities are: Export-Import Bank of Korea (KEXIM), Industrial Bank of Korea (IBK), Korea Development Bank (KDB), Korea Housing Finance Corporation (KHFC
), Korea Securities Finance Corporation (KSFC) and Korea Student Aid Foundation (KOSAF).
BANKING AND CREDIT NEWS-8 July 2010-S Korean KHFC
sets guidance on BNP, StanChart Bank-run bond(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com