Moody's Keeps Korea's Credit Rating at AA2

  • Arirang News

    November 02, 2016 10:00

    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.

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