Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Moody's raises South Korea's credit outlook to positive

South Korea,Business/Economy, Mon, 02 Apr 2012 IANS

Seoul, April 2 (IANS) Global credit rating agency Moody's raised its outlook for South Korea's long-term sovereign credit rating to positive from stable, the country's finance ministry said Monday.

 

According to the Ministry of Strategy and Finance, Moody's revised up its outlook for the country's sovereign credit rating to positive from stable, affirming its rating at the current "A1", reported Xinhua.

 

The outlook upgrade was attributed to healthy fiscal balance, sound external liquidity, reduced external vulnerabilities in the banking sector and relatively solid economic growth outlook.

 

The move came five months after another credit appraiser Fitch revised up the outlook for South Korea's sovereign credit rating to positive from stable, citing strong external liquidity and sustainable fiscal balance.

 


LATEST IMAGES
Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.