Arab Today, arab today south korean credit appraisers\ ratings inflated
Last Updated : GMT 12:19:39
Arab Today, arab today
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South Korean credit appraisers\' ratings inflated

Arab Today, arab today

Arab Today, arab today South Korean credit appraisers\' ratings inflated

Seoul - Yonhap

South Korea's top credit appraisers are found to be granting inflated ratings for bonds issued by local firms, data showed Monday, sparking concern for their trustworthiness. Three local appraisers -- Korea Ratings Co., NICE Investors Service Co. and Korea Investors Service Co. -- have granted top ratings of between "AAA" and "A" on 78.9 percent of corporate bonds floated here as of Friday, market data showed.

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