[Korea Jeongseon financial newspaper reporters - International credit rating agency Moody's said that 27 days' growth while South Korea's household debt is negative for sovereign credit.
Moody's, the downside risks to the growth in consumption and increase vulnerability to soaring household debt has reduced incomes and rising interest rates, the day view from your credit report, he said.
Moody's has analyzed that "Korea's household debt is rising while dwaetjiman mortgage loans increased and accelerated after 2014, there was no corresponding rise in the value of assets.
Following Moody's explained that "60% of mortgages are variable rate loans then there are exposed to interest rate risk.
Before July 21, Moody's sovereign credit rating of Korea to 'Aa2', rating outlook is reaffirmed in the bar 'stable'.
Meanwhile, according to the Bank of Korea, the end of last year, household credit balances surged 141.2 trillion won (11.7%) than in 1344 tighten the end of 2015 300 billion won (1203 1000 1 trillion won). This amounts to 83% of gross domestic product (GDP).
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Monday, February 27, 2017
Moody's "increased household debt, negative credit ratings on Korea"
