21.02.2014 03:25:00
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S-OIL Corporation -- Moody's: S-OIL's land acquisition for capacity expansion is credit negative
Hong Kong, February 21, 2014 -- Moody's Investors Service says that S-OIL Corporation's (Baa2 stable) acquisition of land in Korea'sUlsan region is credit negative, because it will likely lead to a large-scale capacity expansion, which in turn will pressure S-OIL's financial profile and entail significant execution risks.