Photo = Korea Investment & Securities

 

[Alpha Biz= Reporter Kim Sangjin] Moody's has downgraded the credit rating outlook of Korea Investment & Securities from 'Stable' to 'Negative.' The decision, made on the 20th (local time), reflects increased risks associated with the company's exposure to real estate project financing (PF) and commercial real estate.

According to the investment banking industry on the 23rd, Moody's affirmed the long-term foreign currency senior unsecured bond rating at 'Baa2.' The agency noted that while the company has traditionally achieved high profitability, it also carries significant risks related to domestic real estate PF.

Moody's explained that although the higher yields compared to peers have contributed to past successes, they have also increased the burden of funding and the level of risk-taking.

 

 

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