S&P assigns AA to Korea Hydro notes

S&P said it assigned its AA long-term issue rating to the CHF 300 million senior unsecured notes to be issued by Korea Hydro & Nuclear Power Co. Ltd. (KHNP; AA/stable/--).

The company plans to use the proceeds for general corporate purposes.

“We view KHNP as a core subsidiary of Korea Electric Power Corp. (Kepco; AA/stable/A-1+), and therefore equalize the ratings on KHNP with that on Kepco,” S&P said in a news release.

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