Moody’s pessimistic on DPRK reform

Will this have repercussions in the south’s credit rating? From the Daily NK: On May 22, an official of Moody’s Investor Service, a Credit Rating Agency, announced that despite Kim Jong Il’s visit to China early this year, North Korea did not show indications for internal economic reformation. On May 22, Vice-president Thomas Byrne of … Continue reading Moody’s pessimistic on DPRK reform