Moody's may upgrade four Korean corporates

Moody's Investors Service said it placed the A3 foreign-currency debt and issuer ratings of four Korean companies on review for upgrade. The companies are Korea Highway Corp., Korea Land Corp., Korea National Housing Corp. and Korea Railroad Corp.

The rating action follows Moody's decision to place the South Korean government's A3 ratings on review for upgrade, the agency said.

The companies on review for upgrade are government-related issuers and the ratings reflect the level of government support in a stress situation, Chris Park, a Moody's vice president and senior analyst, said about each of the companies in a written statement.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.