Home Credit Ratings and Research S&P Global Ratings’ Credit Research SK Hynix Inc.

Korea-Based SK Hynix?s $100 Million Bonds Guaranteed By Shinhan Bank Rated 'A'

Published Jun 19, 2012

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Abstract:

HONG KONG (Standard&Poor's) June 19, 2012--Standard&Poor's Ratings Services said today it had assigned its 'A' rating to Korea-based semiconductor maker SK Hynix Inc.'s (BB-/Stable/--) guaranteed $100 million senior unsecured bond issuance due June 20, 2017. Shinhan Bank (Shinhan; A/Stable/A-1) has guaranteed the issuance. Our equalization of the rating on the issuance with the ratings on Shinhan reflects our view that the guarantee is irrevocable, unconditional, addresses timely payment, and therefore qualifies for our rating substitution treatment. RELATED CRITERIA AND RESEARCH Legal Criteria for U.S. Structured Finance Transactions: Select Issues Criteria , Oct. 1, 2006 Banks: Rating Methodology And Assumptions, Nov. 9, 2011 Group Rating Methodology And Assumptions, Nov. 9, 2011 Banking Industry Country Risk Assessment Methodology

Report Type:

Ratings Action

Ticker

0066@KS

Issuer

SK Hynix Inc.

GICS

Semiconductors (45301020)

Sector

Global Issuers

Country

Korea

Region

Emerging Markets

Format:

HTML

Summary: SK Hynix Inc. – 2012/10/19 – US$ 225.00

Korea's SK Hynix Upgraded To 'BB' On Potential Extraordinary Support From SK Telecom; Outlook Stable – 2013/02/22 – US$ 150.00

Research Update: Korea's SK Hynix Upgraded To 'BB' On Potential Extraordinary Support From SK Telecom; Outlook Stable – 2013/02/22 – US$ 225.00

SK Hynix Inc. Upgraded To 'BB+' On Revised Corporate Criteria, Off Watch; Outlook Stable – 2013/12/05 – US$ 150.00

Research Update: SK Hynix Inc. Upgraded To 'BB+' On Revised Corporate Criteria, Off Watch; Outlook Stable – 2013/12/05 – US$ 225.00

SK Hynix Inc. – 2012/04/25 – US$ 500.00

Summary: SK Hynix Inc. – 2012/04/25 – US$ 225.00

Korea?s Hynix Semiconductor Upgraded To 'BB-' On Completion Of Purchase Of Stake By SK Telecom; Off CreditWatch – 2012/02/14 – US$ 150.00

Summary: Hynix Semiconductor Inc. – 2011/11/21 – US$ 225.00

Rating On Korea?s Hynix Semiconductor On CreditWatch Positive On SK Telecom's Planned Purchase Of Major Stake – 2011/11/14 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Korea-Based SK Hynix?s $100 Million Bonds Guaranteed By Shinhan Bank Rated 'A'" Jun 19, 2012. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Korea-Based-SK-Hynix-s-100-Million-Bonds-Guaranteed-By-Shinhan-Bank-Rated-A-977464>

APA:	S&P Global Ratings’ Credit Research. (). Korea-Based SK Hynix?s $100 Million Bonds Guaranteed By Shinhan Bank Rated 'A' Jun 19, 2012. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Korea-Based-SK-Hynix-s-100-Million-Bonds-Guaranteed-By-Shinhan-Bank-Rated-A-977464>

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