SK Rent-a-Car Jeju branch (photo = SK Rent-a-Car homepage)

 

[Alpha Biz= Reporter Kim Sangjin] Korea Ratings (KR) has placed SK Rent-a-Car's unsecured bonds and commercial paper credit ratings on a 'negative review' due to a change in its major shareholder, announced on the 21st.

KR explained that this decision reflects the anticipated difficulty in applying the potential support from affiliates that had been factored into SK Rent-a-Car's credit ratings once the sale process is completed.

Previously, SK Networks held a board meeting the day before and decided to sell its 100% stake in its subsidiary SK Rent-a-Car to Affinity Equity Partners, a global private equity firm, for 820 billion won.

 

 

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