Moody’s: LG Electronics view to stable

Moody's Investors Service said it changed LG Electronics Inc.'s (LGE) outlook to stable from negative and affirmed its Baa3 issuer rating and the provisional Baa3 senior unsecured rating of its medium-term note program.

"The change in outlook to stable reflects LGE's improved margins, driven by the restructuring in its mobile communications division and the steady performance of its home appliance and air solution division and home entertainment division," Moody's vice president and senior analyst Gloria Tsuen said in a news release.

"In addition, we expect the performance of LGE's 37.9%-owned affiliate LG Display Co Ltd.'s (LGD, unrated) to strengthen significantly in 2017."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.