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Korea National Oil Corp.'s Proposed U.S. Dollar-Denominated Senior Unsecured Bonds Rated 'A+'

Published Jan 15, 2014

1024 words — Published Jan 15, 2014

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Abstract:

HONG KONG (Standard&Poor's) Jan. 15, 2014--Standard&Poor's Ratings Services today assigned its 'A+' rating to Korea National Oil Corp.'s (KNOC; foreign currency rating A+/Stable/--; local currency rating AA-/Stable/--) proposed U.S.-dollar denominated senior unsecured bonds to be drawn from its US$8 billion global medium-term note program. The rating is subject to final documentation. The stable outlook on our ratings on KNOC reflects the outlook on our sovereign ratings on Korea because we equalize the ratings on both owing to our expectation that there is an almost certain likelihood of the government of Korea providing KNOC with extraordinary support if it suffered financial distress. Equalization of the ratings would lead us to lower our ratings on KNOC if we

Brief Excerpt:

RESEARCH Korea National Oil Corp.'s Proposed U.S. Dollar-Denominated Senior Unsecured Bonds Rated 'A+' Publication date: 15-Jan-2014 Primary Credit Analyst: Sangyun Han, Hong Kong (852) 2533-3526; sangyun.han@standardandpoors.com...

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

Korea National Oil Corp. – 2014/05/02 – US$ 500.00

Summary: Korea National Oil Corp. – 2014/05/02 – US$ 225.00

Korea National Oil Corp.'s Proposed U.S. Dollar-Denominated Senior Unsecured Bonds Rated 'A+' – 2014/07/02 – US$ 150.00

Outlooks On Foreign Currency Ratings On Eight Korean GREs To Positive Following Sovereign Action; Ratings Affirmed – 2014/09/21 – US$ 150.00

Korea National Oil Corp.'s Australian Dollar-Denominated Senior Unsecured Bonds Rated 'A+' – 2014/09/29 – US$ 150.00

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

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

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

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

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MLA:	S&P Global Ratings’ Credit Research. "Korea National Oil Corp.'s Proposed U.S. Dollar-Denominated Senior Unsecured Bonds Rated 'A+'" Jan 15, 2014. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Korea-National-Oil-Corp-s-Proposed-U-S-Dollar-Denominated-Senior-Unsecured-Bonds-Rated-A-1242426>

APA:	S&P Global Ratings’ Credit Research. (). Korea National Oil Corp.'s Proposed U.S. Dollar-Denominated Senior Unsecured Bonds Rated 'A+' Jan 15, 2014. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Korea-National-Oil-Corp-s-Proposed-U-S-Dollar-Denominated-Senior-Unsecured-Bonds-Rated-A-1242426>

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