Moody’s shifts Industrial Bank of Korea view to stable

Moody’s Investors Service said it changed the outlook for the Industrial Bank of Korea to stable from under review and confirmed its ratings, including the foreign-currency preferred stock non-cumulative rating of Ba2 (hyb).

“The stable outlook reflects the reduced downside risk facing IBK relative to Moody’s earlier expectation when it placed the bank’s ratings under review for downgrade in March 2020,” the agency said in a press release.

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