SEOUL: Global credit rating agency Moody’s on Friday revised up South Korea’s credit rating outlook from ” stable” to “positive.”
Sovereign credit rating for the South Korean economy was unchanged at “Aa3.”
The rating appraiser said that the economy’s public debt management was improved and its vulnerability to the global market volatility was reduced.
Geopolitical conflicts on the Korean Peninsula is expected to be restrained to a certain level, Moody’s said.
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