hankyoreh

International credit rating firm Moody’s has maintained South Korea’s crediting rating at Aa2, with a “stable outlook.” In its May 12 report, Moody’s accredited its rating to “Korea`s strong governance and effective macroeconomic, fiscal and monetary management of shocks, as illustrated during the coronavirus outbreak.” Regarding South Korea’s risk factors, Moody’s pointed to its overreliance on “on export-oriented manufacturing” as well as “its participation in regionally dispersed supply chains and the consequent spillovers to domestic consumption and investment.”