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Prospect News home > News index > List of issuers K > Headlines for Korea National Oil Corp. > News item |
S&P rates KNOC notes AA
S&P said it assigned an AA long-term issue rating to the dollar-denominated senior unsecured notes that Korea National Oil Corp. plans to sell.
“We rate the senior unsecured notes the same as the long-term issuer credit rating on KNOC. This is because we do not foresee any material structural or contractual subordination risks in the company's capital structure,” S&P said in a press release.
The company plans to use the proceeds for general corporate purposes, including refinancing debt obligations.
The outlook is stable.
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