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Moodys-S Korea rating

Moody's keeps 'Aa2' rating on S. Korea with stable outlook

SEOUL, April 21 (Yonhap) -- Global credit appraiser Moody's Investors Service said Thursday it has affirmed its credit rating on South Korea "Aa2," with a stable outlook.

Moody's has maintained South Korea's sovereign credit rating at "Aa2," the third-highest level on the company's table, since December 2015, when the agency upgraded it from "Aa3."

"The rating is underpinned by a relatively robust growth outlook, backed by a diverse, competitive economic structure. Solid institutional management around longer term credit challenges from an aging population further support the credit profile," Moody's said in a statement.

The agency also maintained its 2022 growth outlook for the South Korean economy at 2.7 percent despite heightened economic uncertainty from Russia's war with Ukraine.

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