Moody's may up KT

Moody's Investors Service said it placed the Baa1 senior unsecured rating of KT Corp. on review for possible upgrade.

Moody's said the review is driven by improvements in the company's performance and the moderation in its refinancing risk.

The review will focus on KT's prospective financial policies, including its refinancing plans, management's business growth strategies, the outlook for its core wireless subsidiary KT Freetel, developments in Korea's regulatory environment and the ability of KT to control operating expense growth, according to Moody's.

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