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South Korea’s sovereign credit rating stable: S&P, Moody's, Fitch

Korea Economic Daily LogoKorea Economic Daily5d ago

South Korea’s sovereign credit rating stable: S&P, Moody's, Fitch - Korea Economic Daily

Quick Summary:

Moody's Ratings, Fitch Ratings and S&P Global Ratings all shared the view that Korea's credit ratings and its economic fundamentals are unscathed by Yoon’s botched martial law attempt and the ensuing political chaos, including the National Assembly’s bid to impeach the president, according to Seoul’s Ministry of Economy and Finance on Friday.

James Longsdon, global head of sovereign and supranational ratings at Fitch Ratings, said the current situation is not serious enough to threaten Korea's rating, according to the ministry.

South Korea’s sovereign ratings remain stable despite the political turmoil caused by the short-lived martial law declaration of President Yoon Suk Yeol, senior executives of three global ratings agencies said.

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Article Details

Category: Economy

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 20:10:49 (5 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 522 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 24542748

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 8 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 22 minutes ago

Coverage Areas: South Korea

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Publisher ID: #91

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