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Moody's Ratings downgrades Hanwha TotalEnergies Petrochemical to Baa2; outlook remains negative

Moody's Ratings (Moody's) has downgraded Hanwha TotalEnergies Petrochemical Co., Ltd.'s (HTP) issuer and senior unsecured ratings to Baa2 from Baa1, and maintained the negative outlook. "The downgrade and negative outlook reflect our expectation that HTP's financial leverage will remain elevated o...
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
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    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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