Moody's assigns Aa2 to Kepco notes

Moody's Investors Service said it assigned an Aa2 rating to the planned senior unsecured U.S. dollar notes to be issued by Korea Electric Power Corp. (Kepco).

The notes will be issued under Kepco's $11 billion global medium-term note program, which is rated (P)Aa2.

Kepco plans to use all or part of the proceeds to fund or refinance existing and future debt for the development and operation of green projects associated with renewable energy, clean transportation and energy efficiency, and social projects, including support for small and medium enterprises (SME), job creation in SMEs and access to electricity for low-income households.

The outlook is stable.

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