Korea National Oil Corp.#s Proposed U.S. Dollar Senior Unsecured Bonds Rated #AA#

Stocks and Financial Services Press Releases Monday March 20, 2017 17:39
HONG KONG--20 Mar--S&P Global Ratings

HONG KONG (S&P Global Ratings) March 20, 2017--S&P Global Ratings today said it has assigned its 'AA' rating to Korea National Oil Corp.'s (KNOC; AA/Stable/--) proposed U.S. dollar-denominated senior unsecured bonds. The bonds are to be drawn down from KNOC's US$9 billion global medium-term note program. The proceeds of the bond issue are for refinancing and general corporate purposes. The rating on the bond issue is subject to our review of final documentation.


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