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POSCO -- Moody's assigns Baa1 rating to POSCO's proposed USD notes

Moody's Investors Service has assigned a Baa1 rating to the proposed senior unsecured USD notes to be issued by POSCO (Baa1 stable). The proceeds from the notes will be used for eligible projects under POSCO's sustainable financing framework, which it published in April 2019. "POSCO's Baa1 ratings reflect the company's leading position in Korea's steel sector, diversified product mix, and globally competitive cost position, as well as its healthy financial leverage and flexibility," says Sean Hwang, a Moody's Analyst.