Moody's moves Hanjin outlook to positive

Moody's Investors Service said it changed the outlook on Hanjin International Corp. to positive from stable. The agency also affirmed HIC's B1 corporate family rating and the Ba2 backed senior secured rating on HIC's term loan due September 2025, which is guaranteed by HIC's parent Korean Air Lines Co., Ltd.

"The outlook change to positive mainly recognizes KAL's continuously improving capital structure and liquidity position, which will provide a sizeable financial buffer to absorb the likely softening of earnings and financial burden of acquiring Asiana Airlines Co., Ltd.," said Sean Hwang, a Moody's assistant vice president and analyst, in a press release.

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