Fitch Keeps Its Credit Rating for Korea Unchanged

February 13, 2020 08:26

Global ratings firm Fitch has maintained its sovereign credit rating for Korea at "AA-," the fourth highest on its scale.

The agency said Tuesday that Korea has a "stable" outlook, citing its "robust external finances, steady macroeconomic performance, and a record of sound fiscal management," which balance downside risks such as "evolving geopolitical risks, medium-term structural challenges from [aging] demographics and low productivity."

The rating has been unchanged since 2012.

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