OREANDA-NEWS. Fitch Ratings has assigned KT Corporation's (KT, A-/ Stable) proposed US dollar bond an expected rating of 'A-(EXP)'. KT will use the net proceeds from the bond to refinance existing debt and for general corporate purposes.

The notes are rated at the same level as KT's senior unsecured rating as they represent direct, unconditional, unsecured and unsubordinated obligations of the company. The final rating is contingent upon the receipt of final documents conforming to information already received.