South Korea's Credit Rating May Be Raised by Moody's on Economic Outlook

(Bloomberg) -- South Korea's debt ratings were put
on review for upgrade, Moody's Investors Service said, citing a
favorable economic outlook and progress in talks with North
Korea on dismantling its nuclear weapons program.

The review typically means that the country's debt rating
may be raised from A3, the seventh highest of 10 investment
grades, in three months. A higher debt rating signals a lower
risk of debt default and may help reduce borrowing costs.


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