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S. Korean Firms Face Possible Cash Crunch after Rating Cuts

S. Korean Firms Face Possible Cash Crunch after Rating Cuts

SEOUL, Jan. 3 (Korea Bizwire) – South Korean firms may experience a credit crisis this year after a number of them have suffered cuts in their credit ratings, market observers said Sunday. According to Korea Ratings, one of the country’s three largest credit appraisers, the number of local firms suffering credit rating downgrades in 2015 [...]