Moody's: KCC unaffected

Moody's Investors Service said that KCC Corp.'s fourth-quarter operating results were weaker-than-expected, but will not have an immediate impact on its Baa2 issuer rating and stable outlook.

"The weaker earnings were primarily driven by one-off, non-cash expenses associated with its poly-silicon operations, and thereby have only a limited impact on KCC's cash flow and financial leverage," Moody's vice president and senior credit officer Chris Park said in a news release.

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