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Long-term government bond yields in advanced economies are expected to remain high as the 'new normal,' raising concerns over negative impacts on the real economy and potential credit downgrades for vulnerable emerging markets, according to the International Finance Center.
Hyosung Chemical Co. accelerates short-term fundraising at 7% interest to refinance maturing debt after a credit downgrade, as tight liquidity and limited bond issuance options challenge the company’s financial stability.
Lotte Holdings Co. and Lotte Chemical Corp. have both been downgraded by South Korean credit rating agencies, citing persistent operating losses, delayed financial recovery, and increased group-wide financial burdens amid a challenging market outlook.