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Market Data Network

NEW SOUTH KOREAN COVERED BOND ISSUER’S PROGRAMME COMPARABLE TO PEERS

Post Date: 26 March 2024

None of the programmes has dedicated transfer and convertibility protection, which was considered in Fitch’s recovery analysis and breakeven OC assessment. The OC relied on in Fitch's analysis supports the recovery uplift to ‘AAA’ for the three programmes, above Korea’s Country Ceiling of 'AA+'.


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