Fitch Maintains AA- Rating for Korea

  • Arirang News

    January 25, 2019 08:30

    Fitch has maintained its sovereign credit rating for Korea at AA-, the fourth-highest level.

    In a report issued Thursday, the global credit rating agency said its outlook for Korea is "stable," citing "[South Korea's] robust external finances and a solid macroeconomic performance compared with peers."

    However, it warned of several challenges facing the country, like "geopolitical risk from the relationship with North Korea, and longer-run challenges of rapid population [aging] and low productivity."

    The agency projected Korea's annual growth this year and next of 2.5 percent.

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