Moody's rates Korean banking system as 'Stable'

Credit rating agency Moody's will keep a "stable" rating outlook for the Korean banking system for the next 12 to 18 months, according to a press release.

"We expect a relatively stable operating environment that will support the asset quality of the banks and loan demand, despite headwinds in the global economy," a Moody's report said.

Currently, Moody's gives an average rating of "Baa2" to 16 Korean banks, which make up 99 percent of the country's banking system in terms of assets.