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Ratings On Korea National Oil Corp.'s Proposed Samurai Bonds Withdrawn Feb 10

Description:
Abstract
HONG KONG (Standard & Poor's) Feb. 1, 2010--Standard & Poor's Ratings Services said today that it had withdrawn its 'A' foreign currency ratings on three proposed senior unsecured samurai bonds issuances by Korea National Oil Corp. (KNOC; foreign currency rating A/Stable/--; local currency rating A+/Stable/--). The bonds are: -10 billion three-year senior unsecured samurai bonds due 2013; -10 billion five-year senior unsecured samurai bonds due 2015; and -10 billion 10-year senior unsecured samurai bonds due 2020. This rating action follows the company's decision to postpone the offering. Ratings List Withdrawal To From Korea National Oil Corp. Senior Unsecured NR A...

Companies mentioned in this report are: Korea National Oil Corp.
Action: Withdrawn


Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
 
Companies Mentioned
Korea National Oil Corp.
 
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