September 12, 2013 / 1:11 AM / 4 years ago

Fitch Teleconf: Korea SOE Credit Profiles Gain on Govt Stance, 12 Sep, 3.30pm HK/SG, 4.30pm Seoul

(The following statement was released by the rating agency) SINGAPORE, September 11 (Fitch) 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 has also published a special accompanying report 'Korean State-Owned Enterprises - Credit Profiles Stabilising; State Support Underscores Ratings' which can be found under 'Applicable Criteria and Related Research' at the end of this media release or at 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. Art Woo, Director in Fitch's Asia-Pacific Sovereigns team, will also be on the call to answer any Sovereign-related questions. 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: here For enquiries from investors and market participants, please contact: Wayne Li (, +852 2263 9915) or Wayne Lai (, +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 International Toll Free Dial-in Numbers: Argentina 08004446729 Australia 1800354715 Austria 0800296101 Belgium 080073590 Brazil 08008922130 Bulgaria 008001171118 Canada 18884473085 Chile 12300208929 China, China Telecom 108002640084 China, China Unicom 108006400084 Colombia 018005181461 Czech Republic 800142553 Denmark 80887204 Finland 0800915721 France 0800916748 Germany 08001821244 Hong Kong 800968831 Hungary 0680018521 India 0008006103116 India 180030106600 India, Bharti Airtel access 0008006105026 Indonesia 00180306130660 Ireland 1800556432 Israel 1809259102 Italy 800870537 Japan 00531250068 Korea (South) 0079861360703 Malaysia 1800812564 Mexico 0018005146729 Netherlands 08000224523 New Zealand 0800452569 Norway 80019205 Peru 080054976 Philippines 180011100434 Poland 008001124234 Portugal 800819455 Russian Federation 81080020182012 Singapore 8006162236 South Africa 0800998026 Spain 900996480 Sweden 020795445 Switzerland 0800562703 Taiwan 00801615152 Thailand 00180061360689 United Arab Emirates 8000174259 United Kingdom 08082347860 United States 18662421388 Vietnam 18004809 Non Toll Free numbers (charges may apply): International Dial-In Number: +61 2 8823 6760 Local Dial-In Numbers: Belgium, Brussels +32 24012264 Canada, Toronto +1 4166286611 China, Domestic 8008700816 China, Domestic 4006988166 Czech Republic, Prague +420 239016659 Denmark, Copenhagen +45 32728036 France, Paris +33 172254080 Germany, Berlin +49 3022153188 Hong Kong +852 27598661 Hungary, Budapest +36 14814703 India, Mumbai +91 2230985868 Ireland, Dublin +353 15060679 Japan, Domestic 0120941637 Japan, Tokyo +81 345808343 Korea (South), Seoul +82 264903507 Macau +853 62625215 Malaysia, Kuala Lumpur +60 377249586 Netherlands, Amsterdam +31 207091049 New Zealand, Auckland +64 98876904 Singapore +65 67226342 Spain, Madrid +34 911147400 Switzerland, Geneva +41 225803855 Taiwan, Taipei +886 226507828 United Kingdom, London +44 2033645165 United States, New York +1 6465689929 Media Relations: Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: A replay of the teleconference will be available at a day after the teleconference. Additional information is available at Applicable Criteria and Related Research: Korean State-Owned Enterprises - Credit Profiles Stabilising; State Support Underscores Ratings here ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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