Railroad Corporation, Overseas Credit Rating 'Aa2 for 5 Consecutive Years'

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Korea Rail Network Authority announced on the 4th that it has received the investment stability rating of Aa2 for five consecutive years from the international credit rating agency Moody’s.

Moody’s is reported to have assigned the rating based on the evaluation that the Rail Network Authority’s business foundation is solid and that its revenue system, including high-speed rail track usage fees and various occupancy fees, is stable in the mid to long term.

Kim Sang-gyun, Director of the Rail Network Authority, said, “The Moody’s rating result (Aa2) is internationally recognized as the Rail Network Authority acting on behalf of the government to oversee the domestic railway industry as a public institution,” and added, “The Rail Network Authority will continue to play a leading role not only in building domestic and international railway networks based on a stable credit rating but also in supporting private companies’ entry into overseas railway markets.”

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