S&P rates Dacom notes BB-

Standard & Poor's said it assigned its BB- long-term corporate credit rating to Korea's Dacom Corp. The outlook on the long-term rating is stable.

Dacom's proposed five-year global notes of up to $300 million were also rated BB-.

"The rating on Dacom reflects the telecom's stable but relatively weak profitability and cash flow, supported by complete access to the extensive network of its subsidiary Powercomm," said S&P credit analyst Eun Jin Kim.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.