Moody's: S-OIL's robust 2016 results are credit positive; rating unaffected
Hong Kong, February 03, 2017-- Moody's Investors Service says that S-OIL Corporation's improved operating results for 2016 are credit positive, but will not immediately affect the company's Baa2 issuer rating and stable outlook. "S-OIL's financial profile improved significantly in 2016, but we expect its credit metrics to weaken over the next 1-2 years, owing to its large-scale investments, as well as increased dividend payments," says Wan Hee Yoo, a Moody's Vice President and...S-Oil is engaged in the producing and marketing petroleum products, gas, lube base oils, lubricants, grease, petrochemical products and other related products; import and export of crude oil, petroleum products, gas, lube base oils, lubricants, grease, petrochemical products; and development, exploration and disposition of crude oil, gas and other energy resources. .
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