Moody’s: Korea banking system to stable

Moody's Investors Service said it changed the outlook for Korea's banking system to stable from negative, reflecting its assessment that the overall creditworthiness of Korean banks will be stable over the next 12 to 18 months.

In addition, the revision follows the agency’s individual rating actions on Korean commercial banks on Dec. 8 and Dec. 12, with the result that 14 of the 17 Korean banks covered by Moody's now have stable outlooks.

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