Moody’s gives Ba3 to Inkia notes

Moody's Investors Service said it affirmed the Ba3 corporate family rating and senior unsecured rating of Inkia Energy Ltd.

The agency also assigned a Ba3 rating to Inkia's proposed 10-year senior unsecured notes for up to $450 million.

The outlook is stable.

Inkia plans to use the proceeds raised in connection with the proposed notes issuance to fund the early repayment of its outstanding $450 million senior unsecured notes due in 2021 after exercising the call option embedded in the notes.

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