Fitch Ratings affirmed Korea Gas' (KRX:036460) long-term foreign-currency issuer default rating (IDR) and foreign-currency senior unsecured rating at AA-, with a stable outlook, according to a Monday ratings commentary.
The company's short-term foreign-currency IDR was affirmed at F1+.
Fitch expects the company's credit metrics to deteriorate in 2026, owing to working-capital outflows amid higher fuel costs and elevated capital expenditure.
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