Moody's Ratings assigns A3 to KT&G's proposed USD notes
Moody's Ratings (Moody's) has assigned an A3 rating to KT&G Corporation's proposed USD senior unsecured notes. KT&G will use the net proceeds from the issuance of the notes for general corporate purposes. RATINGS RATIONALE "KT&G's A3 ratings primarily reflect its long-held dominant position in...KT&G is engaged in the manufacture and sale of tobacco products. Co. produces three main types of cigarettes: i) 84 millimeter long cigarettes, ii) 100 millimeter long cigarettes, and iii) slim cigarettes which have a smaller diameter than regular cigarettes. Co. produces different brands of cigarettes including "PINE", "ESS", "CARNIVAL", "ZEST","CIMA", "THE ONE", and "BOHEM". Co., through its subsidiary Korea Ginseng Co., Ltd., produces red ginseng products. In addition, Co. sells red ginseng-based products including tablets, capsules, extracts and tea packets containing granulated ginseng.
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