Korean Media Giant JoongAng’s JTBC Defaults, Downgraded to Junk
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Korean Media Giant JoongAng’s JTBC Defaults, Downgraded to Junk
JTBC Co. Ltd., the broadcaster owned by South Korea’s media giant JoongAng Group, defaulted on securitized loans and was downgraded to junk by a local ratings firm, triggering a series of rating cuts across the conglomerate.
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