South Korea Maintains AA- Fitch Rating Amid Political Flux and Economic Challenges
Edited by Matt Waller
Despite mounting political turbulence and a slight slowdown in economic growth, South Korea has retained its long-term issuer default rating (IDR) in foreign currencies at AA-, according to Fitch Ratings. This decision underscores the nation’s enduring external financial strength, consistent economic performance, and robust export sector—even as it grapples with geopolitical risks and demographic headwinds.
Key Points
Stable Rating Amid Uncertainty: Fitch confirms South Korea’s AA- rating with a stable outlook despite recent political and economic uncertainties.
Economic Resilience: The country’s strong external finances, steady export performance, and fiscal discipline continue to support its creditworthiness.
Growth Projections Adjust...
