Fitch rates Korea East-West Power AA-

Fitch Ratings said it assigned Korea East-West Power Co., Ltd. (EWP) a long-term foreign-currency issuer default rating of AA-.

The outlook is stable.

The agency also assigned a senior unsecured rating of AA-.

“We equalise EWP's IDR with that of its parent Korea Electric Power Corp. (Kepco, AA-/stable) based on our assessment of 'weak' legal incentives, 'high' strategic incentives, and 'high' operational incentives for Kepco to provide support to EWP. This is based on strong parent, weak subsidiary approach under Fitch's Parent and Subsidiary Linkage Rating Criteria,” the agency said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.