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March 26, 2019

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Asiana Airlines faces credit downgrading, liquidity crunch
Asiana Airlines faces credit downgrading, liquidity crunch
Asiana Airlines’ potential credit downgrading is raising investor concerns about its financial health and possible liquidity crunch, which might trigger the early repayment of 1.7 trillion won ($1.5 billion) worth asset-backed securities to investors. An aircraft of Asiana Airlines on standby at Gimpo International AirportYonhapThis comes after Asiana’s external auditor gave a “qualified” opinion citing lack of acceptable financial records, which has resulted in a temporary suspension of stock t
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