Korea Southern Power Co. Ltd. Jul 11

  • ID: 1873481
  • July 2011
  • Standard & Poors
1 of 3


  • 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. Key company in national electricity supply Reduced risk of privatization Lack of transparency in electricity price-setting system Large capital investments Standard & Poor's Ratings Services has equalized the long-term corporate credit rating on Korea Southern Power Co. Ltd. (KOSPO; A/Stable/--) with the rating on Korea Electric Power Corp. (KEPCO; A/Stable/A-1), which fully owns KOSPO. The rating on KOSPO also reflects its importance to the national electricity supply and reduced risk that the government of Korea will privatize it. Constraining factors include a lack of transparency in the price-setting system for electricity and a deterioration of KOSPO's financial profile. The rating equalization with KEPCO reflects, for the most part, our opinion that KOSPO's...

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 Southern 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.
- 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.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown





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