Alphabiz - NICE Credit Rating downgraded the credit outlook for NCSOFT, stating that it may be difficult for the company to recover profitability by the end of the year.

(Photo= Yonhap news)

[Alpha Biz= Reporter Paul Lee] Nice Credit Ratings lowered its credit rating outlook, saying NCsoft will not be able to recover profitability by the end of this year.

Nice Credit Rating lowered NCsoft's long-term credit rating outlook from 'stable' to 'negative' on the 14th. The credit rating remained AA.

Nice Credit Rating analyzed that NCsoft will find it difficult for both sales growth and profitability recovery this year in the wake of major new releases and sluggish performance.

In addition, the fact that NCsoft is building a new building could adversely affect its credit rating in the future.

Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)