Number of Korean corporate rating downgrades hits 15-year high
South Korean companies
Seoul - Yonhap
The number of credit rating downgrades for South Korean companies rose to a 15-year high last year amid weakening earnings and a protracted economic slump, data showed Monday.
According to data compiled by the Korea Investors Service Inc. (KIS), ratings for 41 of the 373 companies appraised were downgraded last year, the largest amount since 1999.
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