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International credit ratings agency Moody's Investors Service has kept its rating for Korea steady at A-2, a low credit risk category.
Tom Byrne, the agency's senior vice president, told Yonhap News that Korea is considered to have the capabilities and resources to properly manage the current economic difficulties. He also predicted Korea to face a double-edged sword of inflation amid the U.S. economic slowdown.
Moody's decision follows a similar one by Fitch Ratings earlier this week to keep the country's credit grade at A-plus.
Arirang News
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