Fitch gives A+ to Komir notes

Fitch Ratings said it gave an A+ rating to Korea Mine Rehabilitation and Mineral Resources Corp.’s (Komir) planned senior unsecured notes and its $5 billion medium-term note program.

The notes are rated in line with Komir’s issuer rating, the agency said.

Komir will use the proceeds for general corporate purposes, financing investments in overseas projects, or repaying borrowings. The proceeds will not be used for any activities relating to the development of coal mines.

The outlook is stable.

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