Moody’s assigns Aa2 to Korea bond

Moody's Investors Service said it assigned a provisional Aa2 senior unsecured bond rating to a dollar-denominated global bond to be issued by the Government of Korea.

The outlook on the Aa2 long-term issuer rating is stable.

Moody’s said the Aa2 rating reflects Korea's very high economic, institutional and fiscal strength, and moderate susceptibility to event risks stemming from North Korean military provocations and regime instability. The agency’s Sovereign Bond Methodology three-notch ratings range for Korea is Aa1-Aa3.

“Moody's assessment of Korea's economic strength as “very high” is based on the economy's size, diversity and competitiveness, which will help the country achieve reasonably robust medium-term growth, against the background of very high per capita incomes,” the agency said in a news release.

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