Fitch assigns Korea bonds AA-

Fitch Ratings said it assigned the Republic of Korea's forthcoming U.S. dollar-denominated global bonds due 2044 and euro-denominated global bonds due 2024 expected ratings of AA-(EXP).

The expected ratings are in line with Korea's long-term foreign currency issuer default rating of AA-. The sovereign's long-term local currency issuer default rating is AA.

The outlooks are stable.

Fitch said Korea's ratings are underpinned by its fundamental strengths, which include a resilient economy and a robust macroeconomic policy framework in which sustained fiscal discipline and a flexible exchange rate remain intact. These factors leave Korea well positioned to cope with the risks of high household debt and a volatile global financial environment, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.