Home Credit Ratings and Research S&P Global Ratings’ Credit Research SK Innovation Co. Ltd.

Summary: SK Innovation Co. Ltd.

Published May 26, 2013

1590 words — Published May 26, 2013

Price US$ 225.00 | Buy this Report Now

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Abstract:

Leading market position in oil refining and marketing (R&M) in Korea Integrated business Exposure to cyclical businesses and fluctuating oil prices and exchange rates Uncertainty about regulatory pressure in the domestic petroleum market Positive free operating cash flow over next 12-24 months, reflecting improved operating performance and responsive financial policy "Adequate" liquidity The stable outlook reflects our expectations that a good refining margin will enable Korea-based integrated oil and gas company SK Innovation Co. Ltd. to generate solid operating cash flow and that the company will not increase capital investment significantly over the next 12 months. Standard&Poor's may lower its rating on SK Innovation if adjusted total debt to EBITDA for the company exceeds 3x for a protracted

Brief Excerpt:

RESEARCH Summary: SK Innovation Co. Ltd. Publication date: 26-May-2013 Primary Credit Analyst: Sangyun Han, Hong Kong 2533-3526; sangyun.han@standardandpoors.com Secondary Contact: JunHong Park, Hong Kong (852) 2533-3538; junhong.park@standardandpoors.c...

Report Type:

Summary

Ticker

096770@KS

Issuer

SK Innovation Co. Ltd.

GICS

Oil & Gas Refining & Marketing (10102030)

Sector

Global Issuers

Country

Korea

Region

Emerging Markets

Format:

HTML

SK Innovation's Proposed Senior Unsecured Bonds Rated 'BBB' – 2013/08/06 – US$ 150.00

SK Innovation Outlook Revised To Negative On Prospect Of Continued Weak Refining Profit, Higher Debt; Ratings Affirmed – 2014/03/18 – US$ 150.00

Research Update: SK Innovation Outlook Revised To Negative On Prospect Of Continued Weak Refining Profit, Higher Debt; Ratings Affirmed – 2014/03/18 – US$ 225.00

Bulletin: Rating on SK Innovation Unaffected By U.S. Exploration And Production Asset Acquisitions – 2014/04/08 – Free

SK Innovation Co. Ltd. – 2014/04/14 – US$ 500.00

SK Innovation Co. Ltd. – 2013/05/26 – US$ 500.00

Bulletin: Ratings On SK Innovation Unaffected By KRW800 Billion Issuance Of Preferred Shares – 2012/11/16 – Free

Summary: SK Innovation Co. Ltd. – 2012/11/16 – US$ 225.00

SK Innovation Co. Ltd. – 2012/05/07 – US$ 500.00

Summary: SK Innovation Co. Ltd. – 2012/05/07 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: SK Innovation Co. Ltd." May 26, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-SK-Innovation-Co-Ltd-1137207>

APA:	S&P Global Ratings’ Credit Research. (). Summary: SK Innovation Co. Ltd. May 26, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-SK-Innovation-Co-Ltd-1137207>

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