HONG KONG (Standard&Poor's) Aug. 6, 2013--Standard&Poor's Ratings Services today said it has assigned its 'BBB' rating to Korea-based integrated oil refining and marketing company SK Innovation Co. Ltd.'s (SK Innovation; BBB/Stable/--) proposed U.S. dollar-denominated senior unsecured bonds. Our ratings on SK Innovation reflect our opinion that the company has a "satisfactory" business risk profile and an "intermediate" financial risk profile. SK Innovation's leading market position in the oil R&M industry in Korea and its integrated business support its "satisfactory" business risk profile, which also takes account of its exposure to cyclical businesses and fluctuating oil prices and exchange rates. SK Innovation's "intermediate" financial risk profile reflects our view that the company will generate positive free operating
