Moody's cuts Woori Investment view to negative

Moody's Investors Service said it revised the outlook for Woori Investment & Securities' Baa1 foreign-currency issuer rating to negative from stable.

This action follows Moody's revision to negative from stable of the outlook for the C bank financial strength rating of Woori Bank, Moody's said. Woori Investment receives support from Woori Finance Holdings, which depends on support capability of Woori Bank, the agency said.

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