South Korea's finance minister has urged global
credit rating agencies to maintain their positive
reviews on the nation's credit grade, assuring
them that Seoul's economic fundamentals are
stable.
The finance ministry says Minister Yoo Il-ho
had one-on-ones in Europe with the global
head of Sovereign Ratings at Fitch and S&P's
chief sovereign ratings officer,... on his
way to attend a G-20 meeting in Germany.
Reflecting on the positive assessment South
Korea has received from the global credit
appraisers, Minister Yoo said Seoul remains
committed to stabilizing the economy in the
aftermath of the Constitutional Court's decision
to impeach former president Park Geun-hye.
The S&P and Fitch said the impeachment was
positive, in that it lifted some of political
uncertainties lingering over South Korea.
S&P has South Korea at AA, its third highest
grade.
Fitch has the country on double-A-minus , its
fourth highest rating.
