Global ratings agency Moody’s has warned that the closure of the Gaeseong Industrial Complex will negatively impact South Korea’s sovereign credit rating.

In a statement released Monday, Moody’s said the shutdown of "this last remaining symbol of inter-Korean reconciliation is credit negative for the South, as it heightens geopolitical risk."

It said, however, that production at the inter-Korean complex accounted only for zero-point-zero-four percent of South Korea’s gross domestic product(GDP), and will not significantly affect the country's economy.