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Korea Hydro & Nuclear Power Co. Ltd. Jul 11

  • ID: 1871346
  • July 2011
  • 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 Corp. Solid cash flow, backed by cost competitiveness Strong regulatory support for nuclear power generation Large capital investments Environmental and safety risks associated with nuclear power generation Standard & Poor's Ratings Services has equalized the long-term corporate credit rating on Korea Hydro & Nuclear Power Co. Ltd. (KHNP; A/Stable/--) with the rating on Korea Electric Power Corp. (KEPCO; A/Stable/A-1), which fully owns KHNP. The rating on KHNP also reflects its solid cash flow, backed by cost competitiveness, and the government of the Republic of Korea's strong regulatory support for the generation of nuclear power. Constraining factors include a lack of transparency in the price-setting system for electricity in Korea and KHNP's need to make...

Action: Review

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: Full Analysis

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- Korea Hydro & Nuclear Power Co. Ltd.
- Korea Development Bank
- Korea Electric Power Corp.
- Korea (Republic of)
- Export-Import Bank of Korea
- Korea Western 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.
- 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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