Fitch affirms Korea Expressway

Fitch Ratings said it affirmed Korea Expressway Corp.'s long-term foreign-currency issuer default rating and the rating on its foreign-currency senior unsecured debt at A+.

The outlook is stable.

The ratings reflect the company's status as a near 100%-owned government enterprise, which engages in the construction and operation of the expressway network in Korea, the agency said.

The legal, operational and strategic ties between the company and the Korean government are strong, Fitch said.

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