Moody`s Raises Korea National Credit Rating by One Grade

Worldwide Credit Evaluation Organization, Moody`s denied press report on 22nd that Korea Government requested adjustment of National Credit Rating by two degrees upwards and showed the intention of adjusting credit rating by one degree upwards.

Thomas Bun, Vice President of Moody`s said in and interview with Bloomberg Communication, ¡°generally, National Credit rating is adjusted by one degree“ and ¡°currently, there is no reason to overturn this rule.”

He didn`t mention the time for upward adjustment of credit rating.