March 24, 2020 / 12:33 PM / 4 days ago

BRIEF-Fitch Says Oil Price Drop To Hurt Korean E&P Gres' Financial Profiles Idrs Supported By Sovereign

March 24 (Reuters) - Fitch Ratings:

* FITCH SAYS OIL PRICE DROP TO HURT KOREAN E&P GRES’ FINANCIAL PROFILES; IDRS SUPPORTED BY SOVEREIGN

* FITCH SAYS EXPECTS CORONAVIRUS OUTBREAK, CUTS IN OIL AND GAS PRICE ASSUMPTIONS TO HAVE LIMITED IMPACT ON IDR OF SOUTH KOREAN GOVERNMENT-RELATED ENTITIES

* FITCH SAYS LOWER OIL PRICES WILL AFFECT FINANCIAL PROFILES OF FITCH-RATED KOREAN GRES TO VARYING DEGREES Source text for Eikon:

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