Korea"s Credit Rating Will be Raised Within 6~9 Months
Korea's credit rating is likely to be raised within 6~9 months. Currently Korea's credit rating is just one step below the 'investment possible' grade.Therefore, if Korea's credit rating improves it will achieve an 'investment possible' grade in international markets.
John Woods, senior analyst for Asia at Hong Kong Shanghai Banking Corporation, said in an interview with Reuter News Agency on November 3, ' I expect that the credit rating for Korea will rise within 6~9 months.'
He also predicted that foreign capital inflow into Korea would be accelerated from next year and pointed out that the possibility of Korea's economic recovery is much higher than that of Thailand.'
with the Korea JoongAng Daily
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