What is the rating of SK Innovation?
SK Innovation Co., Ltd. carries a long-term foreign currency issuer credit rating of BBB- from S&P Global Ratings, alongside a Ba1 corporate family rating from Moody's. S&P and Moody's maintain a negative outlook on the South Korean energy conglomerate, factoring in heavy capital expenditure requirements for its electric vehicle battery expansion, cyclical volatility within its traditional refining and petrochemical operations, and elevated debt leverage metrics relative to near-term cash flow generation.
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