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S&P rates Korea National Oil bonds A+
Standard & Poor's said it assigned an A+ long-term debt rating to Korea National Oil Corp.'s CHF 240 million senior unsecured bonds.
The 1 5/8% bonds are due Nov. 29, 2018 and are drawn from the company's $8 billion global medium-term note program.
The outlook is stable, reflecting the outlook on the sovereign ratings of Korea because the ratings are equalized based on likelihood of government support if needed, S&P said.
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