Moody's keeps 'Aa2' rating on S. Korea

Moody's keeps 'Aa2' rating on S. Korea

Global credit appraiser Moody's Investors Service said Thursday it has retained its credit rating on South Korea at "Aa2," with a stable outlook. Moody's has maintained the country's sovereign credit rating at "Aa2," the third-highest level on the company's table, since December 2015, when the agency upgraded it from "Aa3." "The affirmation of the rating is supported by Korea's very high degree of economic diversity and competitiveness and conti…