Korea Midland Power Co. Ltd. 'AA' Rating Affirmed With Stable Outlook; Rating Then Withdrawn At The Company's Request

HONG KONG (S&P Global Ratings) Dec. 13, 2016--S&P Global Ratings today affirmed its 'AA' long-term corporate credit rating on Korea Midland Power Co. Ltd. (KOMIPO), a Korea-based electric power generation company. At the same time, we affirmed the 'AA' long-term issue rating on the company's outstanding senior unsecured notes. We then withdrew all the ratings at the company's request. At the time of the withdrawal, the outlook on the long-term corporate credit rating was stable. Prior to the withdrawal, the affirmed rating reflected our expectation that KOMIPO would maintain improved operating cash flows and stable debt levels in 2016-2018, aided by capacity additions and favorable wholesale electricity prices from Korea Electric Power Corp. RELATED CRITERIA General Criteria: Rating Government-Related Entities:

...HONG KONG (S&P Global Ratings) Dec. 13, 2016--S&P Global Ratings today affirmed its '##' long-term corporate credit rating on Korea Midland Power Co. Ltd. (KOMIPO), a Korea-based electric power generation company. At the same time, we affirmed the '##' long-term issue rating on the company's outstanding senior unsecured notes. We then withdrew all the ratings at the company's request. At the time of the withdrawal, the outlook on the long-term corporate credit rating was stable. Prior to the withdrawal, the affirmed rating reflected our expectation that KOMIPO would maintain improved operating cash flows and stable debt levels in 2016-2018, aided by capacity additions and favorable wholesale electricity prices from Korea Electric Power Corp. RELATED CRITERIA + General Criteria: Rating Government-Related Entities: Methodology And Assumptions, March 25, 2015 + Criteria - Corporates - General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 +...

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