Nice Sinpyeong, SK Shipping new negative credit rating A- rating

[Korea goyounghun financial newspaper reporter] Nuys credit rating has announced a long-term credit rating assessment, and clear division of surviving company, SK Maritime long-term credit rating over the past 13 days SK Shipping (split the new company) to A- (negative).

Nice Sinpyeong side explained that granted the credit rating based on the creditworthiness of the new company for the receivables transferred as a new corporate bonds in April to split a split bulb SK Shipping issued the first days to divide the company. Nice Sinpyeong short-term credit rating of SK Shipping has a new rating A2-.

Gwak Nogyeong Nice Sinpyeong companies evaluate implementation "SK Shipping has conducted a spin-off as of April 1, surviving company and split the new company the company, before the cumulative losses, including last year's loss (last separate criteria 465.5 billion won) integral to surviving company "he said.

When Kwak implementation will consider that, "according to Lim will take place the 222 billion won capital increase of scale for the company in April a separate reference financial indicators are expected to improve," he said, "but stopped miracle is also expected to expand the ship investment loans in order to improve the actual financial structure with a heavy debt burden is expected to lead the fund explained that the situation needed improvement changchulryeok through securing stable earnings structure. "



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