Global credit rating agency Moodys’ Investors Service says the ouster of South Korean President Park Geun-hye is positive for the country’s sovereign rating.

Moody’s explained on Monday that the Constitutional Court's ruling will allow a new president to focus on addressing structural problems affecting the local economy.

It said that the court’s unanimous verdict put an end to three months of social confusion stemming from the massive corruption scandal involving Park and her confidante Choi Soon-sil.

Moody’s kept its growth forecast for South Korea at two-point-five percent this year.