South Korea's finance minister urged global
credit rating agencies to maintain their positive
reviews on the nation's credit grade, assuring
them Seoul's economic fundamentals are stable.
Yoo Il-ho had held talks with the global head
of Sovereign Ratings at Fitch... as well as
S&P's chief sovereign ratings officer,...
while on his way to attend a G-20 meeting
in Germany.
Reflecting on the positive assessment Korea
received from the global credit appraisers,
the finance chief said Seoul remains committed
to stabilizing the economy in the aftermath
of the presidential impeachment.
Both agencies saw the impeachment as a positive
development that lifted political uncertainties.
S&P has Korea at AA, its third highest grade.
Fitch gave AA-, its fourth highest rating.
