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Fitch keeps South Korea's rating at AA- for its robust external finances and steady performance

2019-08-09 2 Dailymotion

피치, 한국 국가신용등급 'AA-' 유지…전망 '안정적'<br /><br />Global ratings agency Fitch has kept its credit rating for South Korea at 'AA-'.<br />The country has managed to maintain the agency's fourth highest rating for the seventh year in a row, despite geopolitical risks.<br />Fitch cited robust external finances, steady macroeconomic performance, and sound fiscal management as the reasons.<br />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.<br />

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