Moody's rates Korea bond Aa2

Moody's Investors Service said it assigned an Aa2 senior unsecured rating to the government of Korea's proposed dual-tranche dollar-denominated bond offering, including a senior unsecured bond and green and sustainability bonds.

The rating mirrors Korea's issuer rating of Aa2 and stable outlook, Moody's said.

The bonds are direct, unconditional and unsecured obligations of Korea and will rank pari passu with all other senior unsecured debt obligations of the issuer.

The credit profile balances the country's very strong fundamentals against some exposure to event risk because of persistent geopolitical tensions, Moody's said.

Korea's broadly diversified economy and high level of competitiveness contribute to its strong growth performance compared with other advanced industrial countries, the agency said.

But, the country's overall economic conditions are unlikely to be directly impacted by capital flow volatility on account of the country's very large external buffers, Moody's said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.