Moody's Keeps Korea's Credit Rating at AA2

Credit ratings firm Moody's has decided to keep Korea's sovereign credit rating at AA2, its third-highest level.

The agency also maintained the nation's credit rating outlook at "stable," citing Korea's relatively strong economy and fiscal health and a "strong position" in dealing with uncertainties in the global economic and financial markets.

The AA2 rating is equal to the AA from the other two main credit firms S&P and Fitch.

Korea has maintained that rating since Moody's upgraded it by one notch last December.