Fitch affirms Korea Electric

Fitch Ratings said it affirmed Korea Electric Power Corp.'s and its six fully owned generation companies' long- and short-term foreign-currency issuer default ratings at A+ and F1, respectively. The outlook is positive.

The agency said the company's ratings are equalized with those of Korea as per Fitch's parent-subsidiary linkage methodology, reflecting their strong operational and strategic ties.

According to Fitch, the company is 51.1%-owned by the Korean government and is a key state-owned enterprise.

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