S&P rates Komatsu Finance America bonds A

S&P said it has assigned its A long-term issue rating to the U.S. dollar-denominated senior unsecured bonds to be issued by Komatsu Finance America Inc., a U.S.-based financing arm of Japan-based Komatsu Ltd. (A/stable/A-1).

The issuer classifies the bonds as sustainability-linked bonds, for which Komatsu will provide guarantees.

The bonds provide that the interest rate will increase by up to an additional 25 basis points per annum if the Komatsu group does not satisfy the sustainability performance target set out in the bonds' terms.

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