Moody's rates Korea Southern

Moody's Investors Service said it has assigned a senior unsecured debt rating of A3 to Korea Southern Power Co. Ltd.'s proposed notes issue.

The outlook is stable.

Moody's said the A3 rating reflects Korea Southern Power's sound financial profile, supported by the continuing growth in electricity demand in Korea and the company's cost-saving initiatives. The rating also reflects its solid operating profile, given its diversified portfolio of generating assets.

The rating considers Korea's supportive regulatory framework and Moody's expectation that the Korean government will manage reform of the power industry in a manner that supports the financial profile of the sector and encourages operating efficiency through the slow introduction of competition.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.