Moody's rates Korea Resources A2

Moody's Investors Service said it assigned an A2 issuer rating to Korea Resources Corp.

The outlook is stable.

The agency said the A2 rating primarily reflects Korea Resources' distinct policy role and high level of operational integration with the Korean government as well as its receipt of regular financial support from the government.

The company's funding requirements will likewise remain substantial in view of its weak level of operational cash generation and hefty investment scale, Moody's said, but the agency expects Korea Resources' quasi-sovereign credit profile to allow it to raise necessary funds in the domestic/international financial markets.

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