Fitch gives SK Broadband notes BBB+

Fitch Ratings said it assigned SK Broadband Co., Ltd.'s proposed dollar-denominated notes an expected rating of BBB+(EXP).

SK Broadband's ratings, notched down by one from SK Telecom Co., Ltd.'s (A-/stable) ratings, reflect strong operational and strategic ties between the two entities based on Fitch's Parent and Subsidiary Rating Linkage analysis.

SK Broadband's fixed-line service is of great importance to SK Telecom's market position, particularly with respect to its ability to compete with other integrated operators such as KT Corp. (A-/stable) and LG Uplus Corp., the agency said.

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