Moody's: E-Mart view negative

Moody's Investors Service said it revised the outlook for E-Mart Co. Ltd.'s A3 issuer rating to negative from stable after the company was named as the preferred bidder for the acquisition of SYS Retail.

"The negative outlook mainly reflects our expectation that E Mart's financial profile will remain weak for its A3 rating over the next one to two years," Moody's vice president and senior credit officer Chris Park said in a news release.

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