Moody's rates Korea bond A2

Moody's Investors Service said it will assign an A2 rating to the Republic of Korea's forthcoming dollar-denominated global bond issuance.

The outlook is stable.

The rating is supported by the effective inter-agency policy response to the global financial crisis and recession, Moody's said, and the ample degree of strength evident in the country's external payments position.

Moody's also said it believes that Korea's diverse and competitive export industries should prove resilient and help restore growth to the Korean economy when the world economy recovers.

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