Posted April. 14, 2005 23:17,
The international credit rating agency Moodys has maintained its previous rating of Koreas 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, Moodys announced on April 13 (local time) that they would maintain Koreas credit ratings.
Moodys explained that the current credit ratings reflect such factors as the secure management of geopolitical dangers, including Koreas international soundness, secure level of public debt, and North Korean nuclear issues.
Moodys 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.
Moodys also emphasized, The peaceful settlement of the North Korean nuclear issue will have a positive influence concerning the uplifting of Koreas ratings.