Moody's: Korea Hydro notes A1

Moody's Investors Service said it assigned an A1 rating to Korea Hydro and Nuclear Power Co. Ltd.'s proposed senior unsecured dollar-denominated notes.

The notes will be issued under Korea Hydro's existing $5 billion global medium-term notes program, rated provisional A1, which was updated on Aug. 31.

The outlook is stable.

"The A1 rating primarily reflects the close relationship between Korea Hydro and Korea Electric Power Corp. Korea Electric is the sole owner and offtaker of Korea Hydro," Moody's vice president and senior analyst Mic Kang said in a news release.

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