Moody’s rates Rural Electrification notes Baa3

Moody's Investors Service said it assigned a Baa3 rating to Rural Electrification Corp. Ltd.'s proposed senior unsecured notes, issued under its $1 billion medium-term note program.

The outlook is stable.

The Baa3 foreign-currency issuer rating takes into consideration its baseline credit assessment of ba3 and the assessment of the strong link between the company and India (Baa2, stable).

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