S&P rates Korea Midland Power AA

S&P said it assigned its AA long-term issuer credit rating to Korea Midland Power Co. Ltd.

The outlook is stable.

“The rating on Komipo primarily reflects our view that the company is a core subsidiary of Korea Electric Power Corp. (Kepco; AA/stable/A-1+). Komipo’s power generation is integral to Kepco’s role of providing a stable supply of electricity in Korea,” S&P said in a news release.

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