Moody's upgrades South Korea's ratings to country's highest ever

December 19, 2015 12:14 AM

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SEOUL Dec 19 Moody's Investors Service said on Saturday it had upgraded South Korea's issuer and bond ratings to Aa2 from Aa3, the highest ever for the country, and changed the outlook from positive to stable.

"Korea's very high institutional strength will support continued implementation of structural reforms, further promoting economic and fiscal resilience," Moody's said in a statement.

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