Dec
20
South Korea’s Credit Rating Raised One Step to Aa2 by Moody’s
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Agency points to strong credit metrics, prudent fiscal stance
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First time Korea has third-highest rank, finance ministry says
South Korea’s credit rating was increased one level by Moody’s Investors Service, which cited the nation’s “strong and resilient” credit metrics and prudent fiscal stance.
Moody’s raised the rating for South Korean debt to Aa2 from Aa3, one step above China and two above Japan. It’s the first time the nation has received the third-highest ranking by a major rating company and is meaningful given that other countries’ ratings are currently being cut, the Finance Ministry said. Standard & Poor’s and Fitch Ratings both rank South Korea at AA-, the fourth-highest level…
South Korea’s Credit Rating Raised One Step to Aa2 by Moody’s
