Lotte Shopping's Credit Outlook Downgraded to Negative by NICE Ratings Amid Rising Support for Affiliates

According to NICE Credit Ratings, Lotte Shopping's credit rating outlook was downgraded to 'AA- (Negative)' at the end of June, from 'AA- (Stable)', amid increased financial burden from supporting affiliated companies including Lotte Chemical. The downgrade reflects mounting financial strain as Lotte Shopping has provided collateral for Lotte Chemical's bonds and supported other subsidiaries' capital needs in recent periods.
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