Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Korea National Oil Corp.

Korea National Oil Corp.

Published Nov 29, 2016

13 pages (4053 words) — Published Nov 29, 2016

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Smaller size oil and gas exploration and production (E&P) business than other regional national oil companies. Exposure to the cyclical and volatile oil and gas E&P business. Government's sole oil policy arm. Weakened operating cash flows due to declining volume and low oil prices. Restructuring through asset rationalization and cost reduction. Declining oil and gas E&P investment. Access to low-cost funding as a key government-related entity (GRE) in Korea. Tight financial management from the government. The stable outlook on Korea National Oil Corp. (KNOC) reflects the outlook on the sovereign ratings on the Republic of Korea (AA/Stable/A-1+) because we equalize the ratings on both. The equalization of ratings reflects our expectation that there is an almost certain likelihood of the

Brief Excerpt:

...Smaller size oil and gas exploration and production (E&P) business than other regional national oil companies....

Report Type:

Full Report

Ticker

KNOCPZ@KS

Issuer

Korea National Oil Corp.

GICS

Oil & Gas Exploration & Production (10102020)

Sector

Global Issuers, Structured Finance

Country

Korea

Region

Emerging Markets

Format:

PDF

Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA' – 2017/03/20 – US$ 150.00

Korea National Oil Corp. – 2017/11/30 – US$ 500.00

Summary: Korea National Oil Corp. – 2017/11/30 – US$ 225.00

Korea National Oil Corp.'s Proposed Swiss Franc Senior Unsecured Notes Rated 'AA' – 2018/05/28 – US$ 150.00

Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Notes Rated 'AA' – 2018/07/11 – US$ 150.00

Summary: Korea National Oil Corp. – 2016/11/29 – US$ 225.00

Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA' – 2016/10/17 – US$ 150.00

Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA-' – 2016/04/05 – US$ 150.00

Korea National Oil Corp.'s Proposed Australian-Dollar Senior Unsecured Bonds Rated 'AA-' – 2016/02/01 – US$ 150.00

Korea National Oil Corp. – 2015/11/25 – US$ 500.00

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About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Korea National Oil Corp." Nov 29, 2016. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Korea-National-Oil-Corp-1763443>

APA:	S&P Global Ratings’ Credit Research. (). Korea National Oil Corp. Nov 29, 2016. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Korea-National-Oil-Corp-1763443>

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