Moody's could lower Posco

Moody's Investors Service said it placed Posco's A3 foreign currency bond rating on review for downgrade.

"The rating action is prompted by the challenges that Posco is facing in restoring its financial profile to a level consistent with the A3 rating over the next one to two years, given its high financial leverage, the lingering sluggishness in the regional steel industry and its large investment programs," Moody's vice president and senior credit officer Chris Park said in a news release.

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