South Korea upgraded to Aa3 by Moody’s

The credit rating improvement lifts Korea to the same level as Japan and China.

<div style="text-align: left;"> Moody’s lifts South Korea’s credit rating to the same level as Japan and China (Photononstop) </div>

Rupert Walker

August 28, 2012

Amid the recent downgrades to European sovereign credits, South Korea’s resilience to global headwinds is allowing Asia’s fourth biggest economy to defy the trend. Yesterday, Moody’s Investors Service upgraded the country’s government bond rating one notch to Aa3 from A1, with a stable outlook.

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