Moody's lifts Posco view to positive

Moody's Investors Service said it changed the outlook on South Korea-based Posco's A2 foreign currency rating to positive from stable.

The change in outlook recognizes the steady progress Posco has achieved in rebalancing its production toward value-added, high-grade products that enjoy higher and typically more stable margins, the agency said.

Also, the positive outlook assumes that Posco will maintain an ongoing focus on this realignment, further strengthening its business and operating profile against the backdrop of strong global competition and persistently high raw material costs.

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