Fitch rates Korea District Heating A

Fitch Ratings said it assigned an expected rating of A to Korea District Heating Corp.'s planned $3 billion global medium-term note program, along with a senior unsecured rating of A.

The final rating is contingent upon the receipt of final documents.

The ratings are in line with the company's long-term foreign-currency issuer default rating, reflecting average recovery prospects in the event of a default, Fitch said.

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