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Korea National Oil Corp.'s A$2.5 Billion Australian Domestic Debt Issuance Program Rated 'A+'

Published Nov 01, 2012

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Abstract:

HONG KONG (Standard&Poor's) Nov. 2, 2012--Standard&Poor's Ratings Services said today that on Nov. 1, 2012, it assigned its 'A+' rating to Korea National Oil Corp.'s (KNOC; foreign currency rating A+/Stable/--; local currency rating AA-/Stable/--) A$2.5 billion Australian Domestic Debt Issuance Program. We have equalized the ratings on KNOC with the sovereign ratings on the Republic of Korea (local currency rating AA-/Stable/A-1+; foreign currency rating A+/Stable/A-1). This reflects Standard&Poor's opinion that there is an almost certain likelihood that the Korean government would provide KNOC with timely and sufficient extraordinary support in the event it was to suffer financial distress. In accordance with our criteria for government-related entities (GREs), we base our rating approach on our

Report Type:

Ratings Action

Ticker

KNOCPZ@KS

Issuer

Korea National Oil Corp.

GICS

Oil & Gas Exploration & Production (10102020)

Sector

Global Issuers

Country

Korea

Region

Emerging Markets

Format:

HTML

Ratings On Korea National Oil Corp. Affirmed; Outlook Stable; Stand-Alone Credit Profile Lowered To 'bb' – 2012/11/27 – US$ 150.00

Research Update: Ratings On Korea National Oil Corp. Affirmed; Outlook Stable; Stand-Alone Credit Profile Lowered To 'bb' – 2012/11/27 – US$ 225.00

Korea National Oil Corp. – 2013/05/29 – US$ 500.00

Summary: Korea National Oil Corp. – 2013/05/29 – US$ 225.00

Korea National Oil Corp.'s CHF240 Million Senior Unsecured Bonds Rated 'A+' – 2013/07/31 – US$ 150.00

Korea National Oil Corp. – 2012/05/24 – US$ 500.00

Summary: Korea National Oil Corp. – 2012/05/24 – US$ 225.00

Korea National Oil Corp.'s U.S.-Dollar Denominated Proposed Senior Unsecured Bonds Rated 'A' – 2012/03/26 – US$ 150.00

Korea National Oil Corp.'s CHF300 Million Senior Unsecured Bonds Rated 'A' – 2012/02/20 – US$ 150.00

Summary: Korea National Oil Corp. – 2011/11/22 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Korea National Oil Corp.'s A$2.5 Billion Australian Domestic Debt Issuance Program Rated 'A+'" Nov 01, 2012. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Korea-National-Oil-Corp-s-A-2-5-Billion-Australian-Domestic-Debt-Issuance-Program-Rated-A-1031430>

APA:	S&P Global Ratings’ Credit Research. (). Korea National Oil Corp.'s A$2.5 Billion Australian Domestic Debt Issuance Program Rated 'A+' Nov 01, 2012. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Korea-National-Oil-Corp-s-A-2-5-Billion-Australian-Domestic-Debt-Issuance-Program-Rated-A-1031430>

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