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Bulletin: Ratings On Korea Unaffected By Death Of Kim Jong-Il, But Uncertainties Elevated Dec 11
Standard & Poors, Dec 2011
Abstract
SINGAPORE (Standard & Poor's) Dec. 19, 2011--Standard & Poor's Ratings Services said today that the ratings on the Republic of Korea (South Korea; foreign currency ratings A/Stable/A-1; local currency ratings A+/Stable/A-1) would not be immediately affected by reports that Kim Jong-Il, leader of the Democratic People's Republic of Korea (DPRK; North Korea), had died. However, the event has raised security risks on the Korean peninsula and could have negative rating implications if these risks increase. Our ratings on South Korea take into account temporary uncertainties associated with North Korean security risks as well contingent liabilities arising from a possible reunification of the North and South. Consequently, while Kim Jong-Il's death has raised uncertainties markedly on the Korean peninsula, we believe...
Companies mentioned in this report are: Korea (Republic of)
Action: Bulletin
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.
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