Fitch affirms KT Corp. at A-

Fitch Ratings said it affirmed KT Corp.’s long-term foreign and local-currency issuer default ratings as well as its senior unsecured rating at A-.

The outlook is stable.

Moody’s said the ratings and stable outlook reflects its view that the company's operations and credit metrics are likely to start to improve from the second half of 2014 onwards despite recent deterioration that stemmed from higher marketing expenses and one-off costs related to an early retirement program.

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