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Moody's Investors Service downgrades LT- foreign currency credit rating of Korea Resources Corporation to "A1"; outlook stable

March 20, 2017 - CBonds

 

Moody's Investors Service downgraded from "Aa3" to "A1" the LT- foreign currency credit rating of Korea Resources Corporation on March 17, 2017. The outlook is stable.
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Issuer: Korea Resources Corporation
Issuer profile:
KS Resources Corporation is engaged in the petrochemical, entertainment and overseas resource development businesses. The Company's petrochemical business is involved in the distribution of petrochem... more
Outstanding issues:
4 issuesUSD1,775,000,000
1 issuesCHF100,000,000
1 issuesAUD100,000,000
Issuer rating:
Moody's Investors ServiceA1/StableLT- foreign currency03/17/2017
S&P Global RatingsA+/StableForeign Currency LT09/17/2012
S&P Global RatingsA+/StableLocal Currency LT09/17/2012
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