Analysis: Korea's private equity firm MBK Partners faces growing troubles
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May 13 (UPI) -- South Korean prosecutors raided the country's two rating agencies Monday to investigate suspicions surrounding the bond issuance of Home Plus, the troubled discount chain. Home Plus is accused of selling a large volume of short-term bonds just before its credit ratings dropped on Feb. 28. The prosecution is checking whether Home Plus had prior knowledge of the credit downgrade. If so, Home Plus, which filed for corporate rehabilitation on March 4, could face legal consequences,
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