Moody's, an international credit rating agency, analyzed that the impact of Korea's Corona19 is small compared to other countries and will have a limited impact on national credit ratings.
Moody's said in the annual meeting in 2020 that Korea's credit ratings are likely to have a relatively small impact as growth rates and rising national debt are widespread worldwide.
Considering that the credit rating evaluation results are usually published two to three months after the annual consultation, the final result is expected to come out in June.
Korea's current national credit rating is Moody's and Standard & Poor's (S & P), the third highest 'Aa2' and 'AA', and the pitch is the fourth highest 'AA-'.
Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance also attended today's conference call video conference (25th), explaining that the Korean government has prepared indirect support of 350 trillion won and direct support of 250 trillion won.
Deputy Prime Minister Hong also said that if the spread of corona19 in Korea ends early, domestic demand can recover quickly, but the global economy is sluggish for the time being.
(Photo = Getty Image Korea)
Moody's "Korea, Corona 19's national credit rating impact will be limited"
2020-04-25T05:40:19.748Z
Moody's, an international credit rating agency, analyzed that the impact of Korea's Corona19 is small compared to other countries and will have a limited impact on national credit ratings. Moody's said in the annual meeting in 2020 that Korea's credit ratings are likely to have a relatively small impact as growth rates and rising national debt are widespread worldwide.
Source: sbskr