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Prospect News home > News index > List of issuers H > Headlines for Hanwha TotalEnergies Petrochemical Co., Ltd. > News item |
S&P rates Hanwha TotalEnergies notes BBB
S&P said it assigned its BBB long-term issue rating to the U.S. dollar-denominated senior unsecured notes that Hanwha TotalEnergies Petrochemical Co. Ltd. (HTC) plans to sell.
“We rate the proposed notes the same as the issuer credit rating on HTC (BBB/stable/--) because we do not view the company's capital structure as having any material risks, such as structural or contractual subordination,” S&P said in a press release.
HTC plans to use the proceeds for general corporate purposes, mostly refinancing.
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