1997 Asian financial crisis - Moody's lowered the credit rating of South Korea from A1 to B2
Time: Thursday Dec 11, 1997
Place: South Korea
Details: In the wake of the Asian market downturn, Moody's lowered the credit rating of South Korea from A1 to A3, on 28 November 1997, and downgraded again to B2 on 11 December.
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