Credit rating agencies cut SK Telecom's rating following Hynix takeover
Seoul - Yonhap
Moody's Investors Service downgraded the credit rating of SK Telecom Co. on Wednesday in the latest move by global credit appraisers to lower the rating of South Korea's biggest mobile carrier after its takeover of a chipmaker. Moody's cut the credit rating of SK Telecom by one notch to A3 from A2 and gave a negative outlook on the mobile operator, it said in a statement.
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