JTBC Defaults on Securitized Loans, Cut to Junk by Local Rater
2026-06-13 06:39:50
JTBC Co. Ltd., a broadcaster owned by South Korea’s JoongAng Group, defaulted on securitized loans and was downgraded to junk by a local ratings firm. According to Bloomberg, the move triggered a series of rating cuts across the conglomerate.
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