Moody’s gives Hanwha notes BBB

Moody’s Investors Service said it assigned a BBB rating to Hanwha TotalEnergies Petrochemical Co. Ltd.’s (HTP) planned senior unsecured dollar-denominated notes.

"HTP's Baa1 ratings reflect the company's competitive position as a leading petrochemical manufacturer in Korea and its diversified product portfolio," said Wan Hee Yoo, a Moody's vice president and senior credit officer, in a press release.

The company plans to use the proceeds for general corporate purposes.

The outlook is negative.

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