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Moody's may up Korea National Oil
Moody's Investors Service said it placed the A3 issuer rating of Korea National Oil Corp. on review for possible upgrade. The action reflects Moody's placement of South Korea's government ratings on review for possible upgrade.
The rating is driven by the high support from its 100% shareholder, the South Korean government, in a stress situation, Moody's said, adding that an upgrade in the rating of the South Korean government will result in an upgrade in the company's rating.
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