Moody's: No change for KT

Moody's Investors Service said it sees no immediate impact on KT Corp.'s A3 senior unsecured rating following KT's announced plans to merge with its 54.25% owned subsidiary, KT Freetel.

The outlook remains positive.

KT's rating is based on a fully consolidated approach, including KT Freetel, Moody's said, and therefore the merger will have no near-term rating impact.

Moody's said it will evaluate the situation once more details on the proposal are revealed, particularly with regard to potential cost savings and synergies that may arise as a result of the merger and will keep the market informed of any potential rating impact.

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