Moody's: SK Telecom notes A3

Moody's Investors Service said it assigned an A3 rating to SK Telecom Co., Ltd.'s CHF 300 million five-year senior unsecured notes.

The outlook is negative.

"The A3 rating mainly reflects SK Telecom's dominant position in the wireless market with a market share in excess of 50%, and a growing fixed-line subscriber base through its 51%-owned subsidiary, SK Broadband (rated Baa3 positive)," Moody's assistant vice president and analyst Yoshio Takahashi said in a news release.

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