Seoul: Global credit appraiser S and P Global Ratings maintained its credit rating on South Korea at "AA," with a stable outlook. S and P has consistently held South Korea's long-term sovereign credit rating at the third-highest level on its table of "AA" since August 2016.
According to Yonhap News Agency, the upgrade in 2016 was a one-notch increase from "AA-." This rating reflects S and P's confidence in South Korea's economic stability and creditworthiness. The stable outlook suggests that S and P does not foresee immediate changes that would alter the credit rating.