Moody’s assigns Woori Card’s notes A3

Moody’s Investors Service said it gave Woori Card Co., Ltd.’s planned dollar-denominated bonds an A3 foreign-currency senior unsecured debt rating

“The A3 foreign-currency senior unsecured debt rating is in line with Woori Card’s A3 long-term issuer rating,” Moody’s said in a press release.

Woori Card will use the proceeds to finance eligible social financing projects that benefit micro, small- and medium-sized merchants as identified in the company’s social bond management framework.

The outlook is stable.

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