Moody's raises S. Korea's sovereign rating to 'Aa3'
This file photo taken on Sept. 29, 2011, shows Tom Byrne, senior vice president and regional credit officer at Moody's Investors Service, holding a press conference in New York to talk about the South Korean economy and the outlook on the country's sovereign rating. On Aug. 27, 2012, Moody's raised its sovereign rating on South Korea by one notch to "Aa3," citing the country's strong fiscal fundamentals, higher economic resilience and competitiveness. (Yonhap)
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