Moody's: Korea stable

Moody's Investors Service said in its annual report on Korea that the outlook for the country's A1 local- and foreign-government bond ratings remains stable, given the country's very high degree of economic strength and high degree of institutional and government financial strengths.

Geopolitical risks, as currently assessed, do not constrain Korea's ratings, even after factoring in the death of Kim Jongil on Dec. 17, Moody's said.

Kim's demise does raise further uncertainties about the dynastic leadership transition in the North and the stability of the government in Pyongyang, but the robust state of the Korea's alliance with the United States will continue to provide a strong deterrence to war, the agency said.

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