Ratings On Six Korean GREs Raised To 'AA-' Following Sovereign Rating Action; Outlooks Stable - S&P Global Ratings’ Credit Research

Ratings On Six Korean GREs Raised To 'AA-' Following Sovereign Rating Action; Outlooks Stable

Ratings On Six Korean GREs Raised To 'AA-' Following Sovereign Rating Action; Outlooks Stable - S&P Global Ratings’ Credit Research
Ratings On Six Korean GREs Raised To 'AA-' Following Sovereign Rating Action; Outlooks Stable
Published Sep 16, 2015
4 pages (1372 words) — Published Sep 16, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We have reviewed our ratings on a number of Korean GREs after we raised our foreign currency sovereign ratings on Korea. We are raising to 'AA-' from 'A+' our long-term foreign currency issuer and debt ratings on KDB, KEXIM, SBC, KLHC, KRNA, and KNOC, and to 'A-1+' from 'A-1' the short-term foreign currency ratings on KDB, KEXIM, and SBC. The outlooks are stable. The rating actions on these public institutions reflect our view that there is an "almost certain" likelihood of extraordinary support by the Korean government to those institutions upon distress. HONG KONG (Standard&Poor's) Sept. 16, 2015-- Standard&Poor's Ratings Services said today that it has raised to 'AA-' from 'A+' its long-term foreign currency issuer

  
Brief Excerpt:

...+ We have reviewed our ratings on a number of Korean GREs after we raised our foreign currency sovereign ratings on Korea. + We are raising to '##-' from 'A+' our long-term foreign currency issuer and debt ratings on KDB, KEXIM, SBC, KLHC, KRNA, and KNOC, and to 'A-1+' from 'A-1' the short-term foreign currency ratings on KDB, KEXIM, and SBC. The outlooks are stable. + The rating actions on these public institutions reflect our view that there is an "almost certain" likelihood of extraordinary support by the Korean government to those institutions upon distress. HONG KONG (Standard & Poor's) Sept. 16, 2015-- Standard & Poor's Ratings Services said today that it has raised to '##-' from 'A+' its long-term foreign currency issuer and debt ratings on six Korean government-related entities (GREs). At the same time, Standard & Poor's raised to 'A-1+' from 'A-1' its short-term foreign currency ratings on three of the six entities (see list below). The outlooks on the long-term issuer credit ratings...

  
Report Type:

Ratings Action

Ticker
KNOCPZ@KS
Issuer
GICS
Oil & Gas Exploration & Production (10102020)
Sector
Global Issuers, Structured Finance
Country
Region
Emerging Markets
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Ratings On Six Korean GREs Raised To 'AA-' Following Sovereign Rating Action; Outlooks Stable" Sep 16, 2015. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Six-Korean-GREs-Raised-To-AA-Following-Sovereign-Rating-Action-Outlooks-Stable-1451486>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Six Korean GREs Raised To 'AA-' Following Sovereign Rating Action; Outlooks Stable Sep 16, 2015. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Six-Korean-GREs-Raised-To-AA-Following-Sovereign-Rating-Action-Outlooks-Stable-1451486>
  
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