(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] International credit rating agencies have recently revised their outlooks for SK Innovation, reflecting positive sentiment towards the company. On July 17, SK Innovation's merger with SK E&S was seen as a favorable development.

As of July 24, Standard & Poor's (S&P) has upgraded SK Innovation's credit rating outlook from "BB+ Stable" to "BB+ Positive Watch." This indicates that S&P will reassess the credit rating within 90 days, suggesting a potential future upgrade.

S&P anticipates that the merger will enhance SK Innovation's business scale, diversify its portfolio, and reduce cash flow volatility.

 

 

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