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

Summary: Korea National Oil Corp.

Published May 24, 2012

1719 words — Published May 24, 2012

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Abstract:

The ratings on Korea National Oil Corp. (KNOC; local currency rating A+/Stable/--; foreign currency rating A/Stable/--) are equalized with the sovereign ratings on the Republic of Korea (local currency rating A+/Stable/A-1; foreign currency rating A/Stable/A-1). This reflects Standard&Poor's Ratings Services' opinion that there is an almost certain likelihood of the government of Korea providing KNOC with timely and sufficient extraordinary support in the event it were to experience financial distress. In accordance with our criteria for government-related entities (GREs), we base our rating approach on our view that KNOC plays a critical role for and has an integral link with the government. We assess the stand-alone credit profile (SACP) for KNOC to be 'bb+', which we attribute to

Brief Excerpt:

RESEARCH Summary: Korea National Oil Corp. Publication date: 24-May-2012 Primary Credit Analyst: Sangyun Han, Hong Kong (852) 2533-3526; sangyun_han@standardandpoors.com Secondary Contact: Lawrence Lu, CFA, Hong Kong (852) 2533-3517;...

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 A$2.5 Billion Australian Domestic Debt Issuance Program Rated 'A+' – 2012/11/01 – US$ 150.00

Ratings On Korea National Oil Corp. Affirmed; Outlook Stable; Stand-Alone Credit Profile Lowered To 'bb' – 2012/11/27 – US$ 150.00

Research Update: Ratings On Korea National Oil Corp. Affirmed; Outlook Stable; Stand-Alone Credit Profile Lowered To 'bb' – 2012/11/27 – US$ 225.00

Korea National Oil Corp. – 2013/05/29 – US$ 500.00

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

Korea National Oil Corp. – 2012/05/24 – US$ 500.00

Korea National Oil Corp.'s U.S.-Dollar Denominated Proposed Senior Unsecured Bonds Rated 'A' – 2012/03/26 – US$ 150.00

Korea National Oil Corp.'s CHF300 Million Senior Unsecured Bonds Rated 'A' – 2012/02/20 – US$ 150.00

Summary: Korea National Oil Corp. – 2011/11/22 – US$ 225.00

Korea National Oil Corp.'s Global MTN Program And Senior Unsecured Bonds Rated 'A' – 2011/10/19 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Korea National Oil Corp." May 24, 2012. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Korea-National-Oil-Corp-969178>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Korea National Oil Corp. May 24, 2012. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Korea-National-Oil-Corp-969178>

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