S&P: LG Electronics bonds BBB-

Standard & Poor's said it assigned a BBB- rating to LG Electronics Inc.'s CHF 215 million senior unsecured bonds due Dec. 2, 2016.

The bonds have a 2% coupon rate.

The ratings reflect an assessment of the company's satisfactory business risk profile and intermediate financial risk profile, S&P said.

LGE's key business strengths include its solid position in global markets for a broad range of consumer electronics products, good geographic diversification of sales and a wide portfolio of products featuring well-known brands, the agency said.

Offsetting these factors is the cyclical demand for electronic products, along with the fierce competition and short product life cycles in the handset business, S&P said.

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