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 and 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.
S&P as well as Fitch saw the impeachment as
a positive development that lifted political
uncertainties.
S&P has Korea at AA, its third highest grade.
Fitch gave double-A-minus , its fourth highest
rating.
