Moody's: SK Telecom view to stable

Moody's Investors Service said it affirmed SK Telecom Co. Ltd.'s A3 issuer and senior unsecured bond ratings, as well as the provisional A3 rating of its $3 billion global medium-term note program.

The outlook was changed to stable from negative.

Moody's said the action reflects SKT's reduction in leverage and expected improvements in its financial profile, given the recovery of its earnings and cash flows.

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