Moody’s Rates S. Korea Stable
Moody’s Rates S. Korea Stable

Moody’s Rates S. Korea Stable

Moody’s Rates S. Korea Stable

Global rating agency Moody’s Investors Service maintained its rating on South Korea at a record high of Aa2, with its rating outlook also remaining stable, despite domestic political issues, the finance ministry here said Tuesday, Yonhap reported. Moody’s said in its latest report that South Korea is expected to retain its economic growth over the long term with a higher per capita gross domestic product. “Our assessment of Korea’s economic strength is based on the economy’s size diversity and competitiveness, which will help the country achieve reasonably robust medium-term growth, against the background of very high per capita income,” said the agency. “Challenges exist and are predominantly centered on the administration’s ability to implement structural reforms against the background of a rapidly aging society and relatively high exposure to China’s economic slowdown.” Fiscal and monetary policies of Asia’s fourth-largest economy have successfully managed to keep relatively low inflation rates and contributed to stable economic growth.


Short URL : https://goo.gl/iZD0km
  1. https://goo.gl/Q9HppD
  • https://goo.gl/x7E4iO
  • https://goo.gl/Hs6uZJ
  • https://goo.gl/eAAr8y
  • https://goo.gl/ViTUN7

You can also read ...

Malaysia Economy Set to Grow
Malaysia’s economy is set to grow this year with gross...
The high resolution MRI, CT, and sonogram images underpin advances in medical diagnosis.
The growth in labor productivity – real output per hour worked...
Growth is forecast at 2.2% in 2017, down from  a previous projection of 2.8%.
UAE’s real GDP growth will slow in 2017, owing to oil...
EU heavyweights France, Germany and Italy argue that there is growing evidence of discrimination, especially by state owned companies and a determined Chinese strategy to secure the most modern European technologies in key industrial sectors.
Both Brussels and Washington are taking steps to force China...
Based on the index  gas, fuels, water and housing, especially  sub-indexes, declined by 2.4% year on year in July.
Subdued demand due to cash shortages in Zimbabwe has resulted...
German Investor Morale Slumps
German investor confidence fell sharply in August, amid...
Pak Current A/C Deficit Widens
Pakistan posted a glaringly high current account deficit of $2...
The surge in European stocks pushed up the MSCI world equity index.
European stocks broke a three-day losing streak on Tuesday,...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.