Market Chatter: Moody's, Fitch, S&P Global Affirm South Korea's Stable Rating Amid Political Unrest

MT Newswires Live12-16

The three key international credit appraisers--Moody's Ratings, Fitch Ratings, and Standard & Poor's Global Ratings--affirmed South Korea's credit rating as stable despite the recent political unrest, Yonhap News reported Friday, citing the Ministry of Economy and Finance.

The assessments were shared during virtual meetings with Finance Minister Choi Sang-mok, after President Yoon Suk Yeol's brief martial law declaration earlier this month, the report said.

S&P Global's Roberto Sifon-Arevalo highlighted South Korea's stable governance amid the situation. Marie Diron of Moody's noted proactive communication with global investors as a positive influence on the country's credit rating, underpinned by its rule-based system.

James Longsdon of Fitch stated the political developments do not threaten South Korea's credit rating, praising the transparency of the country's government, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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