Fitch: Posco unchanged

Fitch Ratings said that Posco's probable acquisition of a 68% stake in Daewoo International will bring synergies but will not affect its credit ratings.

Despite the unconfirmed acquisition price tag of KRW 3.4 trillion, Posco still has the most conservative financial profile among the top global steel producers, Fitch said. The agency said it remains comfortable with the company's financial flexibility at its current rating level.

Should the acquisition be successful, there is a potential for synergies given the overlaps in the two companies' businesses, the agency said.

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