Moody's rates Kowaco A2

Moody's Investors Service said it assigned its A2 local currency issuer rating to Korea Water Resources Corp. (Kowaco).

At the same time, Moody's affirmed Kowaco's A3 foreign currency issuer rating and bond rating. The outlook is stable.

Moody's said the ratings reflect Kowaco's key credit strengths strategic role in implementing government policy for the development and management of Korean water resources, close relationship with the Korean government, stability of demand for water and full cost realization through water tariffs support operating performance, projected solid financial position and sound liquidity profile with ability to access to domestic bond and bank markets.

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