Moody's rates Samsung notes A1

Moody's Investors Service said it assigned an A1 rating to the senior unsecured dollar-denominated notes to be issued by Samsung Electronics America Inc.

The notes are unconditionally and irrevocably guaranteed by the parent company, Samsung Electronics Co. Ltd.

At the same time, Moody's affirmed Samsung's A1 senior unsecured rating.

The outlook is stable.

The proceeds from the notes will be used for the expansion of one of the company's semiconductor fabrication facilities in the U.S. and for general corporate purposes, the agency said.

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