S&P affirms Kepco

S&P said it affirmed AA long-term and A-1+ short-term corporate credit ratings on Korea Electric Power Corp. S&P also affirmed its AA senior-unsecured issue ratings on the company.

The outlook is stable.

“The rating affirmation reflects our view that Kepco will maintain its public status to carry out the Korean government's electricity policy as the sole provider of electricity transmission and distribution services, as well as around 80% of the nation's power generation,” S&P said in a news release. “In our view, the government will continue to tightly control and monitor Kepco’s operations and financials.”

© 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.