Arab Today, arab today korean credit appraisers accused of overrating companies
Last Updated : GMT 16:04:17
Arab Today, arab today
Arab Today, arab today

Korean credit appraisers accused of overrating companies

Arab Today, arab today

Arab Today, arab today Korean credit appraisers accused of overrating companies

Seoul - Yonhap

South Korean credit appraisers have inflated ratings of local companies to secure profit sources, analysts said Monday, raising concerns that they may overlook potential corporate failure. Three credit appraisers here, -- Korea Ratings Co., NICE Investors Service Co. and Korea Investors Service Co. -- have rated local companies on average six grades up compared with corresponding assessments by three global players -- Moody\'s Investors Service Inc., Standard & Poor\'s (S&P) and Fitch Ratings Inc., according to the Korea Center for International Finance (KCIF).

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