S&P confirms credit rating on S. Korea
seoul - Yonhap
Global credit ratings agency Standard & Poor's said Wednesday it has confirmed its sovereign credit rating for South Korea, citing the nation's fiscal soundness and its net external creditor position. According to an e-mailed statement, S&P confirmed the credit rating on South Korea at "A," the sixth-highest level, and also maintained the country's credit outlook at "stable." The decision is based on the results of the agency's annual meeting in October with South Korean policymakers, where they discussed the nation's latest fiscal and economic situations.
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