S&P: SK Global view to negative

Standard & Poor's said it revised the outlook on its BBB long-term corporate credit rating on SK Global Chemical Co. Ltd. to negative.

At the same time, the agency affirmed its BBB long-term corporate credit and guaranteed debt ratings on SK Global.

S&P said the outlook revision reflects the outlook change on SK Innovation Co. Ltd., the parent group of the company.

The agency believes SK Global's credit quality is tied to that of SK Innovation given that SK Global is a "core" subsidiary of SK Innovation, as defined in its criteria.

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