LG renames premium built-in appliance brand; Moody’s outlook up

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The story "LG renames premium built-in appliance brand; Moody’s outlook up" was covered 1 days ago by Korea Economic Daily, a news publisher based in South Korea.

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Moody’s reaffirmed LG Electronics’ credit rating at Baa2.“The adjustment is based on LG Electronics’ global brand presence, leading market position, and high business and geographic diversification,” Moody’s stated.“Despite rising uncertainties, such as tariff hikes and weak demand for certain products, the company is expected to maintain stable profitability.”In response to the US threat to impose tariffs on most imports, LG Electronics is considering adding new manufacturing lines near its only US appliance manufacturing plant in Tennessee to churn out refrigerators there.

MOODY’S UPGRADES RATING OUTLOOK Citing LG Electronics’ solid global brand power, Moody’s Investors Service on Tuesday upgraded the Korean company’s credit rating outlook from “Stable” to “Positive” on Tuesday, marking its first revision in LG Electronics' credit outlook in four years.

LG Electronics Inc., South Korea’s top appliance maker, has rebranded its 10-year-old premium built-in kitchen appliance business to double down on the global built-in appliance market.