Moody's affirms, revises Korean issuers' views

Moody's Investors Service said it maintained the stable outlook for the A1 ratings of six wholly state owned Korean corporate government-related issuers as well as for Korea Electric Power Corp. and its six wholly owned power generation companies.

The six wholly state owned isuers are Korea Expressway Corp., Korea Water Resources Corp., Korea National Oil Corp., Korea Railroad Corp., Korea Resources Corp. and Korea Land and Housing Corp.

Korea Electric Power's generation companies are Korea Hydro & Nuclear Power Co. Ltd., Korea East-West Power Co. Ltd., Korea Midland Power Co. Ltd., Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd. and Korea Western Power Co. Ltd.

At the same time, Moody's said it revised the outlook for the A1 issuer and senior unsecured ratings of Korea Gas Corp. to stable from negative.

The agency said it also revised the outlook for the A1 issuer rating of the Korea Rail Network Authority to positive from stable.

The rating actions follow Moody's revision of the outlook for Korea's sovereign ratings to positive from stable on April 2, the agency said.

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