South Korea earns rating upgrade from S&P

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By Addison Gong
08 Aug 2016

Standard & Poor’s has upgraded South Korea’s long-term sovereign credit rating by one notch to AA from AA- with a stable outlook, in line with Moody’s Aa2 rating of the country.

“Korea's strong record of steady growth has generated a prosperous economy, greater fiscal and monetary flexibility, and continual improvements in external metrics,” said S&P in its rating report on August 8.

S&P said the outlook for the country is stable, assessing that the geopolitical risk on the Korean ...

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