S&P rates Korea National Oil notes A+

Standard & Poor’s said it assigned its A+ rating to Korea National Oil Corp.’s (foreign currency A+/positive/--; local currency AA-/stable/--) A$350 million domestic fixed and floating-rate senior unsecured bonds maturing Oct. 8, 2019, issued under the company’s existing A$2.5 billion Australian domestic debt issuance program.

The proceeds of the bond issue are for general corporate purposes.

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