S&P: Korea Resources bonds A+

Standard & Poor's said it assigned an A+ rating to Korea Resources Corp.'s proposed dollar-denominated senior unsecured bonds drawn from its $3 billion global medium-term note program.

The ratings reflect an extremely high likelihood of support from the government of the Republic of Korea if the company suffers financial distress, S&P said.

Korea Resources plays a very important role for the government and has an integral link to it, the agency said.

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