Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA' - S&P Global Ratings’ Credit Research

Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA'

Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA' - S&P Global Ratings’ Credit Research
Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA'
Published Mar 20, 2017
3 pages (1209 words) — Published Mar 20, 2017
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Abstract:

HONG KONG (S&P Global Ratings) March 20, 2017--S&P Global Ratings today said it has assigned its 'AA' rating to Korea National Oil Corp.'s (KNOC; AA/Stable/--) proposed U.S. dollar-denominated senior unsecured bonds. The bonds are to be drawn down from KNOC's US$9 billion global medium-term note program. The proceeds of the bond issue are for refinancing and general corporate purposes. The rating on the bond issue is subject to our review of final documentation. RELATED CRITERIA General Criteria: Guarantee Criteria, Oct. 21, 2016 General Criteria: S&P Global Ratings' National And Regional Scale Mapping Tables, June 01, 2016 General Criteria: Rating Government-Related Entities: Methodology And Assumptions, March 25, 2015 Criteria - Corporates - General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate

  
Brief Excerpt:

...HONG KONG (S&P Global Ratings) March 20, 2017--S&P Global Ratings today said it has assigned its '##' rating to Korea National Oil Corp.'s (KNOC; ##/Stable/--) proposed U.S. dollar-denominated senior unsecured bonds. The bonds are to be drawn down from KNOC's US$9 billion global medium-term note program. The proceeds of the bond issue are for refinancing and general corporate purposes. The rating on the bond issue is subject to our review of final documentation. RELATED CRITERIA + General Criteria: Guarantee Criteria, Oct. 21, 2016 + General Criteria: S&P Global Ratings' National And Regional Scale Mapping Tables, June 01, 2016 + 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 + General Criteria: National And Regional Scale Credit Ratings, Sept. 22, 2014 + Criteria - Corporates - Industrials: Key Credit Factors...

  
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
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MLA:
S&P Global Ratings’ Credit Research. "Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA'" Mar 20, 2017. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Korea-National-Oil-Corp-s-Proposed-U-S-Dollar-Senior-Unsecured-Bonds-Rated-AA-1817296>
  
APA:
S&P Global Ratings’ Credit Research. (). Korea National Oil Corp.'s Proposed U.S. Dollar Senior Unsecured Bonds Rated 'AA' Mar 20, 2017. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Korea-National-Oil-Corp-s-Proposed-U-S-Dollar-Senior-Unsecured-Bonds-Rated-AA-1817296>
  
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