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Moody's Completes Periodic Review of Ratings of POSCO

Steel News - Published on Thu, 23 Jan 2020

Image Source: SteelGuru
Moody's Investors Service has completed a periodic review of the ratings of POSCO and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee.

POSCO's Baa1 issuer rating is supported by the company's leading position in Korea's steel sector, diversified product mix, and competitive cost position. The rating also takes into consideration the company's robust financial flexibility, which counterbalances the company's weakening leverage metrics amid the ongoing weakening in Asia's steel industry and volatile raw material prices.

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Posted By : Rabi Wangkhem on Thu, 23 Jan 2020
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