Korean gov’t gears up for Moody’s meeting next week

The Korean government will hold its annual consultation with Moody’s this week on the country’s credit valuation, the Finance Ministry said Tuesday.

Led by Michael Taylor, chief credit officer at Moody’s, the delegation will be in Korea from Wednesday to Friday for meetings with officials from the Ministry of Strategy and Finance, the Bank of Korea and other government agencies.

They will look at the macroeconomic policies of the Moon Jae-in government as well as financial issues like household debt.

The country’s fiscal health and financial stability will also be on the checklist, along with trade issues and geopolitical developments surrounding North Korea, the ministry said.

Moody’s upgraded its rating for Korea to “Aa2” in 2015, the third-highest level on the company’s credit valuation table.

Yonhap