Fitch Affirms Korea Credit Rating at AA-, Outlook Stable

Fitch Affirms Korea Credit Rating at AA-, Outlook Stable

 

FITCH AFFIRMS KOREA AT AA-, OUTLOOK STABLE

 

 

Fitch Ratings maintained Korea’s long-term foreign and local currency issuer default ratings at AA- and AA, respectively.  The affirmation reflects “Korea’s resilient growth” notwithstanding a slowdown following the Sewol ferry disaster, “moderate government debt and sustained budget surpluses”, moves to reduce public sector debt, and “Korea’s external finances which continue to strengthen”.  

 

From Ministry of Strategy and Finance.