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Bulletin: Investment Plan Has Not Immediately Affected Ratings On Korea's KCC Corp.
Standard & Poors, March 2011
Abstract
HONG KONG (Standard & Poor's) March 21, 2011--Standard & Poor's Ratings Services said today that its rating on Korean fine chemical company KCC Corp. (BBB/Stable/--) is not immediately affected by the company's plan to invest Korean won (KRW) 2 trillion through 2015 to produce components for LED and solar batteries. On March 15, 2011, KCC signed a memorandum of understanding with the Kyunggi regional government and Ansung city government to construct new high-tech facilities in Ansung industrial complex. The company said it had yet to finalize the exact investment amount and period, funding scheme, or specific business plans. Standard & Poor's believes that, based on the company's disclosure, the proposed investment would limit KCC's ability to improve its financial position,
Article Type:NEWS,BULLETIN
Companies mentioned in this report are: KCC Corp.
Action: Bulletin
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