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Fitch Maintains South Korea’s Credit Rating at 'AA-'
Rating Outlook Maintained at Stable
Fitch Maintains South Korea’s Credit Rating at 'AA-'
  • By Jung Suk-yee
  • August 12, 2019, 08:59
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Fitch Ratings has maintained South Korea’s sovereign credit rating at "AA-" with a stable rating outlook.

International credit rating agency Fitch Ratings maintained South Korea’s sovereign credit rating at "AA-" with a stable rating outlook on Aug. 9.

“South Korea’s robust fiscal conditions, stable macroeconomic performance and sound fiscal management are more than offsetting mid-term structural challenges such as the rapid aging of the population and geopolitical risks related to North Korea,” the agency explained.

It continued to say that South Korea’s economic growth remains solid although its economic growth momentum was affected by a global economic slowdown and the trade war between the United States and China last year.