15. Moody’s upgraded Korea rating to A1 with stable outlook

15. Moody’s upgraded Korea rating to A1 with stable outlook

Since Sept 2009, Moody’s is the first time to upgrade Korea’s rating among international rating agencies to pre-crisis level. April 14, Moody’s investors service has changes South Kroea’s government bond rating to A1 from A2 and maintains a stable outlook. Also that includes moving the ceiling applied to foreign currency bonds issued in Korea to Aa2 from Aa3 and foreign currency bank-deposits to A1 from A2. To see more, visit at http://www.fsc.go.kr/eng/index.jsp

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About FSC Korea
The Financial Services Commission has been established for the purpose of protecting the integration of Korea’s financial markets by promoting sound credit system and fair business practices. To this end, the FSC serves as a consolidated policy making body for all matters pertaining to supervision of the financial industry as a whole. To raise the efficiency, the posts of the FSC Chairman and the FSS Governor were separated on March 2008 for clear distinction between policy-making and execution of financial market supervision

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