 Moodys Investors Service says in a new report that Korea Electric Power Corporation KEPCO, Aa2 stable recorded a rebound in profit in the first half of 2020, a credit positive because it will help the company avoid excessive reliance on debt to fund capital spending. KEPCO reported a preliminary consolidated operating profit of KRW820.4 billion for the first half of 2020, up from a loss of KRW928.5 billion in the first half of 2019. The strong rebound in KEPCOs profit was mainly driven by a 13.9 decline in input costs to generate and to purchase power amid lower fuel costs, which more than offset a 2.9 decline in sales volume triggered by economic contraction from the coronavirus outbreak and a 25.0 increase in costs to purchase renewable energy certificates. 