Moody’s rates KHFC notes Aa2

Moody’s Investors Service said it rated Korea Housing Finance Corp.’s senior unsecured notes Aa2.

The agency also assigned a (P) Aa2 long-term foreign-currency senior unsecured program rating to KHFC’s $15 billion medium-term note program. The outlook is stable.

The rating is in line with KHFC’s issuer rating. “This is because the notes to be issued under the MTN program will constitute direct, unconditional and unsecured obligations of KHFC, and will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured and unsubordinated and unsecured obligations of KHFC,” Moody’s said in a press release.

The notes under the program may be issued as green bonds, social bonds or sustainability bonds, with the proceeds used to finance eligible projects under the issuer’s sustainable financing framework.

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