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Korea Resources Corp. Dec 09 Product Image

Korea Resources Corp. Dec 09

  • Published: December 2009
  • Standard & Poors

FEATURED COMPANIES

  • Korea (Republic of)
  • Korea Development Bank
  • Korea Expressway Corp.
  • Korea Finance Corp.
  • Korea Gas Corp.
  • Korea National Oil Corp.
  • MORE

Abstract
Strong government support as a wholly state-owned public policy arm "Very important" policy role to procure strategically important mineral resources Limited privatization risk Weak cash flow generation due to public operation and narrow business scope Rising risks from increasing overseas direct investment Potential credit risk from current lending to financially weak domestic mining companies The ratings on Korea Resources Corp. (KORES) reflect Standard & Poor's opinion that there is an extremely high likelihood that the Korean government would provide timely and sufficient extraordinary support in the event of financial distress. We assess the stand-alone credit profile of KORES to be in the 'BBB' category. In accordance with our criteria for government-related entities (GREs), our view of an extremely high likelihood...

Action: Review

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- Korea Resources Corp.
- 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 East-West Power Co. Ltd.
- Korea Midland Power Co. Ltd.
- Korea Expressway Corp.
- Korea Gas Corp.
- Korea Rail Network Authority
- Korea Water Resources Corp.
- Korea National Oil Corp.
- Korea South East Power Co. Ltd.
- Korea Land and Housing Corp.
- Korea Housing Finance Corp.
- Korea Finance Corp.

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