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Moody's raises Korea Land to A2
Moody's Investors Service said it upgraded to A2 from A3 the foreign-currency senior unsecured debt and foreign-currency issuer ratings of Korea Land Corp.
The action follows Moody's decision to upgrade to A2 from A3 the South Korean government's long-term foreign-currency and local-currency ratings.
The outlook is stable.
As a government-related issuer, the company's rating is driven by a high likelihood of support from the Korean government in a stress situation, the agency said.
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