Moody’s rates KT notes A3

Moody’s Investors Service said it assigned an A3 rating to the proposed senior unsecured yen-denominated bonds to be issued by KT Corp. (A3 stable).

The outlook is stable.

KT plans to use the proceeds from the proposed bonds to refinance existing debt.

“The A3 bond rating reflects KT's competitive strength as a fully integrated telecommunications operator, with strong market shares across all its major segments in Korea, as well as its strong financial flexibility,” Sean Hwang, Moody's analyst, said in a news release.

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