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Korea to hold annual meeting with Fitch on credit assessment

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Published : 2014-06-22 16:41
Updated : 2014-06-22 16:41

The South Korean government will have an annual consultation with Fitch Ratings Inc. this week on the country's credit valuation, the finance ministry said Sunday.

Led by Andrew Colquhoun, head of Asia-Pacific sovereigns at Fitch Ratings, the delegation will visit South Korea for meetings with the Ministry of Strategy and Finance from Tuesday to Thursday.

Fitch will look into South Korea's macroeconomic issues, including its mid- and long-term plans, and the impact of external factors like the U.S. tapering moves and China's economic slowdown, according to the ministry.

It will also check the country's fiscal health and financial stability, as well as geopolitical situations such as North Korean issues.

Fitch gave a stable "AA-" grade to South Korea in June, while Moody's Corp. rated the country at "Aa3" and Standard & Poor's Ratings Services gave it an "A+."

The ministry said it will have meetings with S&P in August and with Moody's in September to discuss South Korea's sovereign rating assessment. (Yonhap)

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