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Moody’s rates SK Battery America notes Baa3
Moody’s Investors Service said it assigned a Baa3 rating to the proposed backed senior unsecured dollar-denominated notes to be issued by SK Battery America, Inc. The notes will be guaranteed by its parent SK Innovation Co. Ltd., which Moody’s rates Baa3.
SK Battery America plans to use the proceeds to finance or refinance and projects that provide environmental benefits under its green financing framework.
The outlook is negative.
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