Tag: Weak exports could hinder Korea’s long-term growth: Moody’s

  • Weak exports could hinder Korea’s long-term growth: Moody’s

    Weak exports could hinder Korea’s long-term growth: Moody’s

    Global rating agency Moody’s said Wednesday that slowing export momentum and consumer confidence could hinder South Korea’s long-term economic growth. The agency, however, kept the country’s sovereign credit rating at Aa3, citing strong fiscal conditions especially for private nonfinancial companies. “The robust earnings that many Korean private companies have shown in 2015 will continue into […]