Arab Today, arab today moody\s downgrades lg electronics\ outlook to negative
Last Updated : GMT 18:20:30
Arab Today, arab today
Arab Today, arab today

Moody\'s downgrades LG Electronics\' outlook to negative

Arab Today, arab today

Arab Today, arab today Moody\'s downgrades LG Electronics\' outlook to negative

Seoul - Yonhap

Moody\'s Investors Service said Thursday that it has cut its outlook on LG Electronics Inc. to negative from stable, citing its loss-making mobile business and global economic slowdown. The move deals another blow to LG Electronics, the world\'s third-largest maker of mobile phones, which is trying to stay relevant in the smartphone race. Its mobile division posted a fifth-consecutive loss in the second quarter.

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