Moody’s gives Baa1 to Hanwha Total

Moody's Investors Service said it assigned a Baa1 issuer rating to Hanwha Total Petrochemical Co., Ltd. (HTP).

The outlook is stable.

"HTP's Baa1 rating reflects the company's competitive position as a leading petrochemical manufacturer in Korea, its diversified product portfolio as well as high profitability and low financial leverage," Moody's vice president and senior credit officer Wan Hee Yoo said in a news release.

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