Moody's rates Kepco notes A1

Moody's Investors Service said it assigned an A1 rating to Korea Electric Power Corp.'s $1 billion global medium-term note program and affirmed the A1 issuer rating.

The outlook is stable.

The A1 rating reflects Kepco's dominant position in the power sector, Jennifer Wong, Moody's analyst, said in a written statement. The rating also reflects Korea's sustainable growth in electricity demand and a supportive regulatory environment.

"At the same time, the rating takes into account its exposure to rising fuel costs due to the lack of a transparent and formula-based tariff adjustment mechanism," Wong said.

© 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.