Korean companies hit by rating downgrades
This prompts firms to boost sales of riskier hybrid securities to improve balance sheets
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Seoul
SOUTH Korea's debt rating downgrades are exceeding upgrades by the most since 1998, prompting companies to boost sales of riskier hybrid securities to improve their balance sheets.
The credit scores of 45 local borrowers were cut in the first nine months while only 10 companies were raised by Korea Investors Service, a local affiliate of Moody's Investors Service.
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