ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held …
Read More »Korean Air’s debt costs set to worsen as won weakens
Bloomberg Korean Air Lines Co. ended last year with a credit rating downgrade and debt-to-equity ratio approaching 1,000 percent — the worst among Asian full-service carriers. Investors of the money-losing airline face an even bleaker 2017 as a weaker won raises the cost of repaying foreign debt. The Korean currency is projected to weaken around 7 percent against the …
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