×

BRIEF-Moody's:SK Telecom's sale of POSCO's shares is credit positive

Oct 08 (Reuters) - SK Telecom Co., Ltd & POSCO

* Moody's says that SK Telecom Co., Ltd.'s (A3 negative) sale of a part of its stake in POSCO (A3 review for downgrade) is credit positive, but will not have any immediate impact on its issuer rating. The rating outlook remains negative.

((Bangalore Ratings Team, Hotline: +91 80 4135 5898, Bhanu.priya@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Bhanu.Priya.reuters.com@reuters.net))