Moody's assigns Aa2 to Doosan Infracore's notes guaranteed by KDB
Rating Action: Moody's assigns Aa2 to Doosan Infracore's notes guaranteed by KDB. Global Credit Research- 13 Jul 2017. Hong Kong, July 13, 2017-- Moody's Investors Service has assigned a Aa2 rating to the US dollar backed senior unsecured notes to be issued by Doosan Infracore Co., Ltd. and guaranteed by Korea Development Bank.Doosan Infracore is machinery manufacturing group based in South Korea. Co. is engaged in the manufacture of civil engineering machinery and similar machine equipment such as heavy construction machines. Co.'s products are excavators, wheel loaders, tower cranes and concrete pump trucks, engines, transmissions systems, hydraulic systems and electric generators. Co.'s product offering is organized along three divisions: Construction Equipment (excavators, wheel loaders, dump trucks, equipment); Machine Tools (turning and machining centers, boring mills); and Engines (generator, off-highway, agricultural, marine diesel engines and materials).
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