Fitch Raises S. Korea Outlook to ‘Positive,’ Keeps A+ Rating
This article is for subscribers only.
Fitch Ratings upgraded the outlook for South Korea’s long-term foreign currency rating to “positive” from “stable,” and affirmed the A+ grade.
“Sovereign creditworthiness is strengthening as the sovereign and external balance sheets grow more resilient,” Andrew Colquhoun, head of Asia-Pacific Sovereigns at Fitch, said in an e-mailed statement today.