Korea Development Bank – Ratings Affirmed with a Stable Outlook

Ref: KR0212 3 CRA00- 0 1 15 November 202 4

Korea Development Bank – Ratings Affirmed with a Stable Outlook

Capital Intelligence (CI Ratings or CI ) today announced that it has affirmed the L ong- T erm Foreign Currency R ating (LT FCR) and S hort- T erm F oreign C urrency R ating (ST FCR ) of Korea Development Bank (KDB) at ‘A+’ and ‘A1’ , respectively. At the same time, CI Ratings has affirmed KDB’s B ank S tandalone R ating (BSR) of ‘a+’ , C ore F inancial S trength (CFS) rating of ‘a+’ , and Extraordinary Support Level (ESL) of Very High . The Outlook for the LT FCR and BSR remains Stable.

KDB’s LT FCR, BSR and CFS rating are in line with CI’s internal assessment of sovereign credit risk for South Korea. Consequently, the ESL of Very High – which reflects the Bank’s full government ownership and policy role as well as the solvency protection as mandated under the …