NICE Credit Rating downgraded the credit outlook for NCSOFT, stating that it may be difficult for the company to recover profitability by the end of the year.
Paul Lee
hoondork1977@alphabiz.co.kr | 2024-05-16 03:08:49
(Photo= Yonhap news)
[Alpha Biz= Reporter Paul Lee] Nice Credit Ratings lowered its credit rating outlook, saying NCsoft will not be able to recover profitability by the end of this year.
Nice Credit Rating lowered NCsoft's long-term credit rating outlook from 'stable' to 'negative' on the 14th. The credit rating remained AA.
Nice Credit Rating analyzed that NCsoft will find it difficult for both sales growth and profitability recovery this year in the wake of major new releases and sluggish performance.
In addition, the fact that NCsoft is building a new building could adversely affect its credit rating in the future.
[ⓒ AlphaBIZ. 무단전재-재배포 금지]
많이 본 기사
- 1Korean Low-Cost Carriers Cut Routes as Oil Prices and Currency Surge Amid Middle East Tensions
- 2KakaoBank App Outage Occurred Twice Due to Misdiagnosed Cause, Lawmaker Raises Concerns
- 3Aekyung Chemical to Sell China Subsidiary After Halting Operations
- 4DB HiTek Minority Shareholders Urge Forced Disposal of Alleged Hidden Stake by Founder
- 5Samsung Electronics GOS Lawsuit Over Galaxy S22 Ends After Four Years with Court-Mediated Settlement
- 6Toss Removes “Han River Temperature” Feature After Backlash Over Insensitive Messaging