Moody's rates Shinsegae A3

Moody's Investors Service said it assigned an A3 issuer rating to Shinsegae Co. Ltd.

The outlook is stable.

The rating is primarily based on its long history of maintaining a leading market position and excellent brand equity in the South Korean hypermarket industry, Moody's said. High barriers to entry provide the company with a stable operating environment and high business stability, the agency said.

However, Moody's acknowledged that Shinsegae's presence in the department store industry remains weak as the distant third player. The company also is exposed to higher business risks, the agency said.

© 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.