S&P rates Korea Land program A+

Standard & Poor's said it assigned its A+ rating to Korea Land and Housing Corp.'s (foreign currency A+/stable/--; local currency AA-/stable/--) $1 billion global medium-term note program.

The company plans to issue senior unsecured notes under the program.

S&P said the ratings on Korea Land reflect its opinion that there is an "almost certain" likelihood that the government of the Republic of Korea (foreign currency A+/stable/A-1; local currency AA-/stable/A-1+) will provide Korea Land with timely and sufficient extraordinary support if it were to experience financial distress.

© 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.