Sejong , Nov. 8 ( Yonhap ) - Moody 's Investors Service announced Friday that it has maintained its credit rating on South Korea to " Aa3 " , citing the "strong" fiscal fundamentals and load "moderate" country debt .
The global credit rater added that his prognosis remains stable rating for South Korea , citing also its economic strength , export competitiveness and stabilizing geopolitical risks caused by North Korea.
"South Korea demonstrates strong fiscal fundamentals , as reflected in the continuing budget surplus , moderate load of debt, one needs lower gross financing of sovereign states qualified , low foreign exchange and foreign debt ," said Moody's in a press release .
"In addition , supporting the South Korean rating are reduced external vulnerability of the banking sector , the economy's resilience to global shocks , the competitiveness of export industries of South Korea and the continuation of the status quo in the geopolitics of the Korean peninsula, " it said.
The move came after Standard & Poor's and Fitch Ratings in September keep your credit rating for South Korea . Moody 's maintained since August 2012, its current rating for South Korea at Aa3 , its fourth highest rating level .
