The South Korean finance minister held a conference call with the sovereign rating heads of the three major credit rating agencies to mitigate concerns caused by political turmoil in South Korea. According to an announcement released by the South Korean Ministry of Finance on Friday, Finance Minister Choi Sang-mok spoke with representatives from S&P, Moody's, and Fitch, assuring them that major domestic institutions are operating normally. He noted that the previous two presidential impeachments had limited impacts on the economy, implying that ongoing developments would not disrupt South Korean economic activity. Currently, South Korea holds a Moody's Aa2 rating, an S&P AA rating, and a Fitch AA- rating. The outlook on South Korea's ratings from all three major rating agencies is 'stable.'
韩国财长与三大评级公司召开电话会议 试图打消政治动荡引发的担忧
The South Korean finance minister held a conference call with the three major rating agencies in an attempt to alleviate concerns arising from political turmoil.
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