Moody's assigns Korea Railroad bonds A1

Moody's Investors Service said it assigned an A1 rating to the proposed six-year senior unsecured CHF 300 million bonds to be issued by Korea Railroad Corp.

The outlook is stable.

"The A1 rating primarily reflects Korail's 100% ownership by the Korean government and its strategic and social importance to Korea's economy and society," said Mic Kang, a Moody's vice president, senior analyst and lead analyst for the company, in a news release.

"The rating also incorporates Korail's position as Korea's monopoly railway operator, which benefits from strong operational ties with and financial assistance from the government."

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