Arab Today, arab today more korean firms face credit rating cut in first half
Last Updated : GMT 12:26:39
Arab Today, arab today
Arab Today, arab today

More Korean firms face credit rating cut in first half

Arab Today, arab today

Arab Today, arab today More Korean firms face credit rating cut in first half

South Korea credit card firms
Seoul - Yonhap

The number of South Korean companies that experienced credit rating cuts reached a 11-year high in the first half of this year, mainly due to a protracted economic slump and sluggish demand, industry data showed Monday.
According to the data compiled by the Korea Ratings Corp., 32 large companies with ratings of at least BBB-, the lowest investment grade, saw their scores decline in the first six months of the year, compared with 21 firms whose credit ratings were downgraded a year earlier.

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