Fitch keeps South Korea's rating at AA- for its robust external finances and steady performance
- 5 years ago
피치, 한국 국가신용등급 'AA-' 유지…전망 '안정적'
Global ratings agency Fitch has kept its credit rating for South Korea at 'AA-'.
The country has managed to maintain the agency's fourth highest rating for the seventh year in a row, despite geopolitical risks.
Fitch cited robust external finances, steady macroeconomic performance, and sound fiscal management as the reasons.
But due to the worsening exports and facility investment for semiconductors, the report said South Korea will see slower economic growth of two percent this year.
Global ratings agency Fitch has kept its credit rating for South Korea at 'AA-'.
The country has managed to maintain the agency's fourth highest rating for the seventh year in a row, despite geopolitical risks.
Fitch cited robust external finances, steady macroeconomic performance, and sound fiscal management as the reasons.
But due to the worsening exports and facility investment for semiconductors, the report said South Korea will see slower economic growth of two percent this year.