South Korean credit appraisers have inflated ratings of local companies to secure profit sources, analysts said Monday, raising concerns that they may overlook potential corporate failure. Three credit appraisers here, -- Korea Ratings Co., NICE Investors Service Co. and Korea Investors Service Co. -- have rated local companies on average six grades up compared with corresponding assessments by three global players -- Moody's Investors Service Inc., Standard & Poor's (S&P) and Fitch Ratings Inc., according to the Korea Center for International Finance (KCIF).
GMT 14:02 2018 Sunday ,02 December
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Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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