Korea Land and Housing Corp.#s HK$780 Million Senior Unsecured Bonds Rated #AA-#

Stocks and Financial Services Press Releases Wednesday January 27, 2016 16:39
HONG KONG--27 Jan--Standard & Poor's

HONG KONG (Standard & Poor's) Jan. 27, 2016--Standard & Poor's RatingsServices today said it has assigned its 'AA-' global scale rating and 'cnAAA'Greater China scale rating to Korea Land and Housing Corp.'s (LH;AA-/Stable/--) Hong Kong dollar (HK$) 780 million senior unsecured bonds to be

drawn from the company's US$1 billion global medium-term note program. Thecompany plans to use the proceeds for general corporate purposes.

The ratings on LH reflect Standard & Poor's opinion that there is an "almostcertain" likelihood that the government of the Republic of Korea(AA-/Stable/A-1+) will provide LH with timely and sufficient extraordinarysupport if it were to experience financial distress. LH is the solegovernment-owned entity responsible for meeting the government's objectives ofa stable supply of development land and public housing in Korea. We assess thestand-alone credit profile for LH to be 'bb-'.


Latest Press Release

KASIKORNBANK announces 2018 net profit of Baht 38,459 Million

Mr. Patchara Samalapa, President of KASIKORNBANK, said KASIKORNBANK announced net profit for the year of 2018 of Baht 38,459 Million, an increase of Baht 4,121 Million or 12.00% over the previous year. Operating performance for the year of 2018 compared...

Siam Commercial Bank reported 2018 net profit of Baht 40.1 billion

Siam Commercial Bank and its subsidiaries announced net profit of Baht 7.1 billion in the fourth quarter of 2018 and Baht 40.1 billion for 2018 (based on unaudited consolidated financial statements), a 7.1% yoy decrease from a year ago. Total operating...

Johnson Johnson Completes Acquisition of Ci:z Holdings Co., Ltd.

Johnson & Johnson (NYSE:JNJ) today announced the completion of the acquisition of Ci:z Holdings Co., Ltd. (TYO: 4924) (the "Company") for a total purchase price of approximately JPY / CNY230 billion. The acquisition was completed through a series of...

Siam Commercial Bank Partners with Chaixi Bameekiao and Visa To facilitate QR payment for noodle franchise

- Ms. Pimjai Tongmee, SCB's Payment Product Sales and Delivery Division Executive Vice President - Mr. Panrob Kamla, President of Chaixi Bameekiao Co. Ltd - Mr. Suripong Tantiyanon, Country Manager for Visa Thailand "Siam Commercial Bank" (SCB)...

Isotropic Systems Raises $14 Million in Series A Funding Led by Boeing HorizonX Ventures to Advance Space-Based Connectivity

- Isotropic's approach to next-generation integrated terminal creates profound change in terminal economics and performance to unlock the satellite industry's full potential Isotropic Systems Ltd., the next-generation integrated satellite terminal...

Related Topics