Fitch Teleconf: Korea SOE Credit Profiles Gain on Govt Stance, 12 Sep, 3.30pm HK/SG
Fitch Ratings-Singapore-04 September 2013: Fitch Ratings will host a teleconference to discuss the ratings of and the underlying sovereign support to rated South Korean state-owned enterprises (SOEs).
A number of Korean SOEs are likely to issue offshore debt in the near-term to support their capital requirements. Fitch in July 2013 upgraded the ratings of the SOEs following a series of meetings with the companies' management and relevant government officials, and based on certain positive developments to-date in 2013 that will help stem the weakening trajectory of these SOEs' stand-alone financial profiles.
Fitch will also publish a special accompanying report 'Korean State-Owned Enterprises - Credit Profiles Stabilising; State Support Underscores Ratings' which will be available at www.fitchratings.com.
The teleconference will be hosted by Buddhika Piyasena, Fitch Ratings' Head of Asia-Pacific Energy & Utilities ratings and Shelley Jang, the lead analyst for Korean SOE issuers.
The teleconference will take place on Thursday, 12 September 2013 at 3.30pm Hong Kong/Singapore time, 4.30pm Seoul/Tokyo, and 5.30pm Sydney.
Participation is free but those interested are requested to register online in advance via this link:
http://fitchratings.nyws.com/Register.asp?ID=2873
For enquiries from investors and market participants, please contact:
Wayne Li (wayn...@fitchratings.com, +852 2263 9915) or Wayne Lai (wayn...@fitchratings.com, +65 6796 7219)
Members of the media should contact the media representative cited below.
Callers are advised to dial in at least 10 minutes in advance.
Conference ID 52311581
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Media Relations: Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailu...@fitchratings.com.
A replay of the teleconference will be available at www.fitchratings.com a day after the teleconference.
Additional information is available at www.fitchratings.com. |
