Moody's Keeps South Korea's Credit Rating at 'Aa2' with 'Stable' Outlook

On February 12, international credit rating agency Moody's maintained South Korea's sovereign credit rating at 'Aa2', unchanged from the previous level.

In Moody's rating scale, Aa2 is the third-highest rating, following Aaa and Aa1. The rating outlook was also kept at 'stable', the same as before.

Regarding this decision, Moody's stated that it is "based on South Korea's very high level of economic diversification and competitiveness, as well as its continued institutional capacity to address key challenges."