Moody's assigns Aa2 to Kodit bonds

Moody's Investors Service said it assigned an Aa2 long-term backed senior unsecured debt rating to the bonds to be issued by Kodit Global 2023-1 Co., Ltd., a special-purpose vehicle in Korea established by Korea Credit Guarantee Fund, which is rated Aa2. Kodit Credit will guarantee the bonds.

“The Aa2 long-term backed senior unsecured rating for the bonds is in line with Kodit's Aa2 issuer rating and reflects the structure of the bonds,” Moody’s said in a press release.

The bonds are issued as social bonds and the proceeds will be used to finance projects and assets that are consistent with the eligibility criteria described in Kodit's sustainability financing framework.

The outlook is stable.

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