Korea’s Credit Rating Outlook Raised to Positive by Moody’s
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South Korea’s credit rating outlook was raised by Moody’s Investors Service to positive from stable, boosting demand for the nation’s assets.
“Very strong and improving fiscal fundamentals,” were a key reason for the change, along with resilience in the country’s external financing position, Moody’s said in a statement today. The rating remains at A1, the company’s fifth-highest grade.