Fitch maintains S. Korea's rating at 'AA-' with stable outlook
By Yonhap
A Fitch Ratings logo is seen at the company's office in Canary Wharf financial district in London, Britain, March 3, 2016. Reuters-Yonhap
Global credit appraiser Fitch Ratings said Friday it has reaffirmed South Korea's sovereign rating at "AA-" with a stable outlook.
It is the fourth-highest level on the agency's sovereign ratings table, and Fitch has maintained AA- for South Korea since September 2012, when it upgraded the rating by one notch from A+.
The agency cited the country's robust external finances, a dynamic export sector and stable macroeconomic performance against geopolitical risks related to North Korea.