Moody’s gives Korea Southern notes Aa2

Moody’s Investors Service said it gave an Aa2 rating to the proposed senior unsecured dollar-denominated notes to be issued by Korea Southern Power Co., Ltd. Moody’s rates Kospo Aa2.

“Kospo plans to use the proceeds to finance or refinance, in whole or in part, existing and future projects that provide environmental benefits related to the generation of electricity through renewable energy resources, purchase of renewable energy credits and distributed and independent power and heat generation systems,” Moody’s said in a press release.

The outlook is stable.

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