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[THE INVESTOR] Global credit appraiser Standard & Poor’s raised South Korea‘s sovereign rating one notch to “AA” from “AA-” on Aug. 8.
“The upgrade reflects our assessment that Korea’s strong record of steady growth has generated a prosperous economy, greater fiscal and monetary flexibility, and continual improvements in external metrics,” the company said in a statement.
“Our rating on Korea reflects the country’s favorable policy environment, sound fiscal position and net external creditor position. Significant security risks and contingent fiscal liabilities partly offset these strengths.”
(theinvestor@heraldcorp.com)
“The upgrade reflects our assessment that Korea’s strong record of steady growth has generated a prosperous economy, greater fiscal and monetary flexibility, and continual improvements in external metrics,” the company said in a statement.
“Our rating on Korea reflects the country’s favorable policy environment, sound fiscal position and net external creditor position. Significant security risks and contingent fiscal liabilities partly offset these strengths.”
(theinvestor@heraldcorp.com)
