Korea-US investment firm gets credit ratings with stable outlooks
Global credit rating agencies have assigned ratings in line with Korea's sovereign ratings to the state-run company tasked with implementing Seoul's $350 billion investment pledge to the United States, the firm said Monday. The Korea-U.S. Strategic Investment Corporation (KUIC) said Moody's Ratings assigned it an Aa2 issuer rating with a stable outlook, while S&P Global Ratings assigned it…
Credit rating agencies have assigned favorable ratings to the state-run company, Korea-U.S. Strategic Investment Corporation (KUIC), which is responsible for implementing Seoul's $350 billion investment pledge to the United States. Moody's Ratings assigned KUIC an Aa2 issuer rating with a stable outlook, while S&P Global Ratings gave KUIC long-term credit ratings of AA. This marks KUIC's first credit ratings since its establishment earlier in the year.
KUIC's high credit ratings are a result of the Korean government's strong willingness and ability to provide timely support, given the significant credit linkages between KUIC and the Government of Korea. Moody's Ratings highlighted that the government's ability to support KUIC is bolstered by the sovereign's ample financial reserves and strong creditworthiness, reflected in its own Aa2 rating.
S&P Global Ratings emphasized that its assessment of KUIC reflects the institution's near-certainty of receiving timely and sufficient support from the Korean government.
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Also reported by 1 other outlet
- Korea-US investment firm gets credit ratings with stable outlooks koreatimes.co.kr
