Menu Content
Go Top


Fitch Maintains S. Korea's Rating at 'AA-' with Stable Outlook

Written: 2022-01-28 08:40:44Updated: 2022-01-28 10:14:08

Fitch Maintains S. Korea's Rating at 'AA-' with Stable Outlook

Photo : YONHAP News

Global credit rating agency Fitch Ratings has maintained South Korea's credit rating at "AA-" with a stable outlook.

The Ministry of Economy and Finance reported on Thursday that Fitch kept South Korea's rating at "AA-", which is the fourth highest on its credit scale. 

Britain, Belgium and Hong Kong also belong to this category. 

Fitch said the rating reflected South Korea’s robust external finances, resilient macroeconomic performance and strong exports, as well as geopolitical risks from North Korea and structural challenges from an aging population.

The agency also maintained its growth forecast for the country at three percent this year.

Editor's Pick


This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >