Moody's rates KT Corp. notes Baa1

Moody's Investors Service said it assigned a Baa1 senior unsecured rating to KT Corp.'s (Baa1, stable) proposed dual-tranche dollar-denominated note offering.

The outlook is stable.

"The Baa1 rating for KT's proposed USD notes reflects the company's competitive strength, as the largest integrated operator by revenue in the Korean telecommunications market, with significant market shares across all spectrums of the quadruple-play strategy of fixed line, broadband, mobile, and TV," Moody's assistant vice president and analyst Yoshio Takahashi said in a news release.

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