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Moody's assigns A3 to Codelco notes
Moody's Investors Service said it assigned an A3 rating to Corporacion Nacional del Cobre de Chile's (Codelco) planned senior unsecured notes of up to $900 million due in 2033.
The company's A3 ratings are unchanged, Moody’s said.
Codelco will use the proceeds for general corporate purposes, including funding upcoming debt maturities.
The outlook is stable.
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