|
Korea's sovereign credit rating has improved in a recent survey by New York-based magazine Institutional Investors.
Korea climbed from 77 to 80 of 100 points, ranking 27th from almost 180 countries.
The Korea Center for International Finance says Korea's rating slipped to the 50-something-level back in 1999, and that this is the first time the figure has risen to 80.
The survey asked fund managers and economists at banks and securities firms to rate the financial systems of countries surveyed, covering areas such as debt repayment, exports and growth.
Earlier this month, ratings service Moody's maintained Korea's A-2 rating, citing the government's ability to manage risk during the financial crisis.
Arirang News
|
