Fitch cuts view of three Korea companies

Fitch Ratings said it revised the outlooks on Korea Expressway Corp., Korea Land Corp. and Korea District Heating Corp. to negative from stable. The agency also said it affirmed Korea Expressway and Korea Land's foreign-currency issuer default ratings at A+ and Korea District Heating's long-term foreign-currency issuer default rating at A.

The downgrades are triggered by the agency's outlook revision on the Republic of Korea's long-term foreign-currency issuer default rating to negative from stable.

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