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Moody's rates Hyundai Heavy notes Aa2
Moody's Investors Service said it rated the planned dollar-backed senior unsecured notes to be issued by Hyundai Heavy Industries Co., Ltd. and guaranteed by Korea Development Bank, Aa2.
The Aa2 rating reflects the development bank’s Aa2 rating since it guarantees the notes, Moody’s noted.
The proceeds will be used for eligible green projects under Hyundai Heavy Industries' sustainable finance framework.
The outlook is stable.
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