Kepco keeps A-plus credit rating
Fitch Ratings said yesterday it has affirmed the A-plus credit rating of Korea Electric Power Corp., citing the company’s strong position in the Korean market.
The global ratings appraiser added its outlook for Korea’s state-run power company remains stable.
Fitch said the affirmation of the fifth-highest rating on its 20-tier rating scale reflects the company’s status as a key state-owned enterprise and its monopolistic position in the electricity transmission and distribution business in Korea.
The credit rating agency also affirmed the ratings of Kepco’s six subsidiaries at A plus, saying their operational ties with Kepco and the government are strong.