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

Published Jul 02, 2014

917 words — Published Jul 02, 2014

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Abstract:

HONG KONG (Standard&Poor's) July 2, 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 proceeds of the bonds are for general corporate purposes, including repayment of debt. The rating is subject to final documentation. RELATED CRITERIA AND RESEARCH Related Criteria Corporate Methodology , Nov. 19, 2013 2008 Corporate Criteria: Rating Each Issue , April 15, 2008

Brief Excerpt:

RESEARCH Korea National Oil Corp.'s Proposed U.S. Dollar-Denominated Senior Unsecured Bonds Rated 'A+' Publication date: 02-Jul-2014 Primary Credit Analyst: Cj Yun, Hong Kong +852-2533-3503; cj.yun@standardandpoors.com Secondary Contact:...

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

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

'A+' Ratings On KNOC Affirmed; Outlook Positive; SACP Revised To 'bb+' From 'bb' – 2014/10/17 – US$ 150.00

Research Update: 'A+' Ratings On KNOC Affirmed; Outlook Positive; SACP Revised To 'bb+' From 'bb' – 2014/10/17 – US$ 225.00

Korea National Oil Corp. – 2014/11/27 – US$ 500.00

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+' – 2014/01/15 – 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

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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+'" Jul 02, 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-1340666>

APA:	S&P Global Ratings’ Credit Research. (). Korea National Oil Corp.'s Proposed U.S. Dollar-Denominated Senior Unsecured Bonds Rated 'A+' Jul 02, 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-1340666>

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