Moody’s continues KDB Daewoo review

Moody's Investors Service said it is continuing to review KDB Daewoo Securities Co., Ltd.'s Baa2/P-2 issuer ratings for downgrade.

The agency expects to conclude the review when the Financial Services Commission approves the planned acquisition of KDB Daewoo Securities by Mirae Asset Securities Co., Ltd. (unrated).

Moody's had originally placed KDB Daewoo Securities' Baa2 long-term and Prime-2 short-term foreign currency issuer ratings on review for downgrade on Jan. 7.

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