S&P Maintains South Korea's Sovereign Credit Rating at 'AA' with a 'Stable' Outlook

S&P New York Headquarters. Photo by Asia Economy DB

International credit rating agency Standard & Poor's (S&P) announced on the 30th that it has maintained South Korea's long-term sovereign credit rating at the previous rating of 'AA'.

The rating outlook was also given as 'Stable', the same as before. Since upgrading South Korea's sovereign credit rating from 'AA-' to 'AA' in August 2016, S&P has maintained this rating.