Korea, Republic of
S&P	A (Jul 07)
Moody's	A2 (Jul 07)
Fitch	A+ (May 07)
R&I	A+ (May 07)

Global rating agencies have assigned the above long-term foreign currency ratings for Korea. Links to the home pages of these agencies are provided at the link below.

There are four local credit rating agencies: Korea Investor Services (KIS), Korea Ratings (KR), National Information & Credit Evaluation (NICE), and Seoul Credit Rating & Information (SCI). KIS is an affiliate of Moody’s while KR is an affiliate of Fitch. SCI specializes in rating asset-backed securities. A link to a compilation of the basic profiles of selected domestic credit rating agencies in Korea is provided below.

Securities regulations in Korea require issuers of non-guaranteed bonds to obtain ratings from at least two agencies. Issuance by a foreign corporation requires a credit rating report by a Financial Services Commission accredited rating agency.