Moody's rates Korea bond A2

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

The rating is supported by strength and resiliency in the country's external payments position, including its diverse and competitive export industries, Moody's said.

Foreign-exchange reserves still are ample, despite the large increase in short-term debt and Moody's said it believes the Bank of Korea's foreign reserve management has ensured liquidity and safety.

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