Moody's rates LG bonds Baa2

Moody's Investors Service said it assigned a Baa2 senior unsecured rating to LG Electronics' CHF 215 million of senior unsecured bonds due Dec. 2, 2016.

The outlook is negative.

"The Baa2 rating reflects LG's moderately diversified revenue stream by product and geography, well-recognized brand name in some of its key product lines, and solid position in home appliances," said Annalisa DiChiara, a Moody's vice president and senior analyst.

"On the other hand, the negative outlook continues to reflect its concerns regarding the volatility in the company's operating performances in its mobile and TV businesses."

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