Home Credit Ratings and Research S&P Global Ratings’ Credit Research Korea National Oil Corp.

Summary: Korea National Oil Corp.

Published May 02, 2014

1728 words — Published May 02, 2014

Price US$ 225.00 | Buy this Report Now

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Abstract:

Sole oil policy arm of government Dominant exposure to cyclical and volatile oil and gas exploration and production (E&P) business Smaller size of oil and gas E&P business than regional national oil companies Heavy capital spending for oil and gas E&P investment Ongoing government financial support The stable outlook on the ratings on Korea National Oil Corp. (KNOC) reflects the outlook on Korea because we equalize the ratings on both owing to our expectation that there is an almost certain likelihood of the government providing KNOC with extraordinary support in the event it were to suffer financial distress. Equalization of the ratings would lead us to lower our ratings on KNOC if we were to lower our sovereign ratings on

Brief Excerpt:

RESEARCH Summary: Korea National Oil Corp. Publication date: 02-May-2014 Primary Credit Analyst: Sangyun Han, Hong Kong (852) 2533-3526; sangyun.han@standardandpoors.com Secondary Contact: JunHong Park, Hong Kong (852) 2533-3538;...

Report Type:

Summary

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.'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

'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. – 2014/05/02 – US$ 500.00

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

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

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Korea National Oil Corp." May 02, 2014. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Korea-National-Oil-Corp-1308630>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Korea National Oil Corp. May 02, 2014. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Korea-National-Oil-Corp-1308630>

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