Moody’s, an international credit rating agency, announced today (4th) that the government has granted ‘Aa2’ to US dollar and euro denominated foreign exchange equalization fund bonds (foreign exchange rate bonds) scheduled to be issued.
Aa2 is on the same level as Moody’s national credit rating, and is the third highest out of 10 investment grades.
“A large, competitive and diversified economy underpins this rating,” Moody’s said. “It supports medium-term growth prospects at a favorable level compared to other developed countries.”
On the same day, credit rating agency Standard & Poor’s (S&P) also announced that the government had given the US dollar and euro denominated senior unsecured bonds an ‘AA’ long-term rating the same as the national credit rating, which is being prepared for issuance.
Fitch also gave the government’s foreign currency denominated bonds an AA- rating, the same as the national credit rating.
In the second half of this year, the government has set a plan to issue up to $1.5 billion in foreign exchange bonds.
[사진 출처 : EPA]
