Moody's team to visit S. Korea for credit assessment

SEOUL, March 16 (Yonhap) -- Moody's Investors Service will send a delegation to
South Korea this week for an annual meeting to assess the country's sovereign
credit rating, officials said Monday.
The delegation from the U.S. ratings appraiser will stay here from Wednesday to
Friday to assess the country's macroeconomic situation, fiscal stability and the
North Korean nuclear issue, according to the Ministry of Strategy and Finance.
The team, led by Jennifer Elliott, group managing director, is scheduled to hold
meetings with officials from the finance ministry, the Bank of Korea and the
Foreign Affairs and Trade Ministry during its three-day visit.
The finance ministry said that it will use the meetings to explain the nation's
efforts to get over the current economic crisis and stabilize financial markets.
In July 2007, Moody's raised the country's sovereign rating a notch higher to
"A2," its sixth-highest investment grade, citing a reduced North Korean nuclear
risk.
kokobj@yna.co.kr
(END)