Local ratings agencies hit for projections failures, stalling
Three local ratings agencies are coming under heavy criticism for slashing credit ratings for Taeyoung Engineering and Construction, only hours after the troubled builder filed for debt workout, on Dec. 28 of last year. They are Moodys Investors Service-affiliated Korea Investors Service, Korea Ratings and NICE Investors Service.
South Korea Korea Investors Service Moody Investors Korea Service Investors Service Tongyang Group Taeyoung Construction
Source: koreatimes.co.kr