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Moody's Takes Note of S. Korea's Relatively Good Economic Growth

Written: 2016-09-06 15:27:40Updated: 2016-09-06 15:52:01

Moody's Takes Note of S. Korea's Relatively Good Economic Growth

Bank of Korea Governor Lee Ju-yeol met with a group of officials from global credit rating agency Moody's Investors Service in Seoul on Tuesday.
 
Lee and the group assessed that South Korea’s economy is showing relatively good growth compared to other countries and that its fiscal and foreign exchange sectors are sound.
 
Lee explained that Moody’s move last year to upgrade South Korea’s credit rating contributed to raising global credibility toward South Korea’s economy. 
 
In December last year, Moody's raised South Korea's credit rating from Aa3 to Aa2, the highest-ever rating the country has received from any of the world’s top three credit rating agencies, including Standard and Poor’s and Fitch Ratings.
 
Lee expressed hope that the group will accurately determine South Korea’s economic and financial status and see good results.

Led by Marie Diron, senior vice president, the Moody's delegation arrived in Seoul Monday for a three-day visit to evaluate the nation’s credit rating.  

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