Korea East-West Power Co. Ltd. Jun 10

  • ID: 1802332
  • June 2010
  • Standard & Poors
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  • Harvest Operations Corp.
  • Korea (Republic of)
  • Korea Development Bank
  • Korea Expressway Corp.
  • Korea Finance Corp.
  • Korea Gas Corp.
  • MORE

Core subsidiary of Korea Electric Power Co. Ltd. (KEPCO) Key company in national electricity supply Reduced privatization risk Lack of transparency in the electricity price-setting system Large capital investments Exposure to fuel price and currency volatility The long-term corporate credit rating on Korea East-West Power Co. Ltd. (KEWP) is based on equalization with that on Korea Electric Power Corp. (KEPCO, A/Stable/A-1), which fully owns KEWP. The rating on KEWP also reflects its importance to the national electricity supply and its remote privatization risk. Constraining factors include the lack of transparency in the electricity price-setting system, deterioration in its financial profile, and its exposure to fuel price volatility. The rating equalization with KEPCO reflects, for the most part, our opinion that...

Action: Review

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Research Type: Full Analysis

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- Korea East-West Power Co. Ltd.
- Korea Development Bank
- Korea Electric Power Corp.
- Korea (Republic of)
- Export-Import Bank of Korea
- Korea Western Power Co. Ltd.
- Korea Hydro & Nuclear Power Co. Ltd.
- Korea Southern Power Co. Ltd.
- Small Business Corp.
- Korea Midland Power Co. Ltd.
- Korea Expressway Corp.
- Korea Gas Corp.
- Harvest Operations Corp.
- Korea Rail Network Authority
- Korea Water Resources Corp.
- Korea National Oil Corp.
- Korea South East Power Co. Ltd.
- Korea Resources Corp.
- Korea Land and Housing Corp.
- Korea Housing Finance Corp.
- Korea Finance Corp.

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