Moody’s Maintains Korea’s Credit Rating At A3

The international credit rating agency Moody’s has maintained its previous rating of Korea’s credit (A3) and credit rating prospects (stable). According to the Ministry of Finance and Economy on April 14, on the grounds of the annual conference with Korea held during February 1 to 3, Moody’s announced on April 13 (local time) that they would maintain Korea’s credit ratings.

Moody’s explained that the current credit ratings reflect such factors as the secure management of geopolitical dangers, including Korea’s international soundness, secure level of public debt, and North Korean nuclear issues.

Moody’s appraised that, “The large-scale surplus of current accounts and the inflow of foreign capital due to foreign investments in stock after the foreign exchange crisis have contributed to decreasing foreign liabilities.”

Moody’s also emphasized, “The peaceful settlement of the North Korean nuclear issue will have a positive influence concerning the uplifting of Korea’s ratings.”

Chi-Young Shin higgledy@donga.com