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29-Mar-2011 12:26 PM

Fitch assigns Lotte Shopping a foreign-currency senior unsecured 'A-' rating

Analysis

Fitch Ratings has assigned Lotte Shopping Co Ltd, a leading South Korean retailer, a foreign-currency senior unsecured 'A-' rating.

The ratings agency has also assigned Lotte's proposed senior unsecured USD notes an expected rating of 'A-(exp)', according to a Reuters report. Lotte Shopping's shares dropped 1.4% yesterday.

Selected Duty Free daily share price movements (% change): 29-Mar-2011

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