S&P gives LG notes BBB-

Standard & Poor's said it assigned its BBB- rating to LG Electronics Inc.'s (BBB-/stable) proposed dollar-denominated mid-term euro notes.

"The rating on LG Electronics reflects the company's strong position in the global markets for a broad range of consumer electronics, home appliances and mobile handsets," said S&P analyst JaeMin Kwon.

"These factors are offset by LG Electronics' high leverage, intense global competition, pricing pressures, high R&D costs and capital-intensive nature of both its PDP business and TFT-LCD joint venture business."

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