National Finance Authority Taxable Ind Dev Rev Bnds (Hanwha Q Cells USA Inc. Project) (Green Bnds) Ser 2024A Asgnd Rtg

NEW YORK (S&P Global Ratings) Feb. 15, 2024--S&P Global Ratings today assigned its 'A+/A-1' rating to National Finance Authority's taxable industrial development revenue bonds (Hanwha Q Cells USA Inc. Project) (Green Bonds) series 2024A, due Feb. 1, 2029. The 'A+/A-1' rating on the bonds reflects the rating on the letter of credit (LOC) provider during the weekly interest rate mode. The 'A+' long-term component of the rating on the bonds reflects the lower of our long-term foreign currency rating on the LOC provider's parent, Kookmin Bank, and our long-term foreign currency rating on the U.S., the jurisdiction where the LOC provider, Kookmin Bank, New York Branch, is located and operates, and our expectation of full and timely interest and principal

...February 15, 2024 NEW YORK (S&P Global Ratings) Feb. 15, 2024--S&P Global Ratings today assigned its 'A+/A-1' rating to National Finance Authority's taxable industrial development revenue bonds (Hanwha Q Cells USA Inc. Project) (Green Bonds) series 2024A, due Feb. 1, 2029. The 'A+/A-1' rating on the bonds reflects the rating on the letter of credit (LOC) provider during the weekly interest rate mode. The 'A+' long-term component of the rating on the bonds reflects the lower of our long-term foreign currency rating on the LOC provider's parent, Kookmin Bank, and our long-term foreign currency rating on the U.S., the jurisdiction where the LOC provider, Kookmin Bank, New York Branch, is located and operates, and our expectation of full and timely interest and principal payments when the bondholders have not exercised the put option. (For more information on bank branch ratings, see "Methodology For Bank Branch-Supported Transactions," published Oct. 14, 2013.) The 'A-1' short-term component...

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