Fitch affirms Korea Gas

Fitch Ratings said it affirmed Korea Gas Corp.'s long-term foreign-currency issuer default rating at A+, and senior unsecured ratings at A+.

The outlook is stable.

The ratings reflect its status as a key state-owned enterprise, Fitch said, and its dominant position in the natural gas business through its monopolistic position in the wholesale gas segment and its ownership of the country's entire gas infrastructure.

The government maintains full control over its management and operations with almost all aspects of its activities, the agency added.

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