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Moody's lifts Korea Exchange Bank
Moody's Investors Service said it upgraded the long-term debt and deposit ratings of Korea Exchange Bank.
The outlook is stable.
Moody's said the upgrade follows a March 26 joint announcement by Hana Financial Group and Korea Exchange that a share-swap deal - through which Hana will raise its stake in Korea Exchange to 100% from 60% - has proceeded successfully.
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