News: Lotte Shopping Co Ltd (023530.KS)

023530.KS on Korea Stock Exchange

278,500.00KRW
26 Dec 2014
Price Change (% chg)

₩1,000.00 (+0.36%)
Prev Close
₩277,500.00
Open
₩276,500.00
Day's High
₩280,000.00
Day's Low
₩276,500.00
Volume
17,196
Avg. Vol
36,054
52-wk High
₩417,500.00
52-wk Low
₩274,000.00

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Thu, Aug 14 2014

Fitch Downgrades Lotte Shopping Co. to 'BBB'; Outlook Stable

(The following statement was released by the rating agency) SEOUL, August 14 (Fitch) Fitch Ratings has downgraded South Korea-based Lotte Shopping Co. Ltd's (Lotte) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB' from 'BBB+'. The Outlook is Stable. The downgrade reflects Lotte's weakened financial profile as a result of delayed recovery in its domestic as well as overseas operations, its ongoing aggressive store expansion and unfavourable regulatory measures. The

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