Fitch rates South Korea Railroad AA-

Fitch Ratings said it has assigned South Korea Railroad Corp. a long-term issuer default rating of AA-.

The agency has also assigned a senior unsecured debt rating of AA- to the company.

The outlook is stable.

Fitch noted that the company's ratings and stable outlook reflect the company's strong ties with the Korean government, its 100% government ownership, and its status as the sole national railroad operator.

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