Moody's ups Korea National Oil

Moody's Investors Service said it upgraded Korea National Oil Corp.'s issuer rating to A2 from A3. This concludes the review for possible upgrade that began earlier this month.

The outlook is stable.

The upgrade follows Moody's upgrade of the ratings on South Korea, the agency said. As a government-related issuer, the company's the rating is driven by the high support from the government in a stress situation, the agency said.

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