Moody’s revises KT view to positive

Moody's Investors Service said it revised the outlook on KT Corp.’s rating to positive from stable and affirmed its Baa1 senior unsecured rating and the provisional Baa1 rating on its senior unsecured medium-term note program.

"The positive outlook reflects our expectation that KT's financial leverage will gradually decline over the next 1-2 years, driven by improving operating performance and solid cash flow generation," Moody's vice president and senior analyst Gloria Tsuen said in a news release.

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