moody\s gives negative outlook on woori bank in s korea\s
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Moody's gives negative outlook on Woori Bank in S. Korea's

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Arab Today, arab today Moody's gives negative outlook on Woori Bank in S. Korea's

Hong Kong - Yonhap

Moody's Investors Service said Monday it has cut its outlook on Woori Bank, a flagship unit of South Korea's Woori Finance Holdings Co., to "negative" from "stable," citing recent failure to privatize the No. 1 banking group in South Korea. Last Friday, the South Korean government decided to suspend its sale of Woori Finance after only one bidder submitted a preliminary bid to acquire the government's stake in Woori Finance

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