MARC has affirmed the Republic of Korea’s (South Korea) foreign currency sovereign rating of AAA with a stable outlook, based on its national rating scale.  The AAA rating reflects several credit strengths, chief among which are economic resilience, prudent fiscal management and a strong external position. For example, South Korea has continued to generate current account surpluses, even in...

MARC has affirmed the Republic of Korea’s (South Korea) foreign currency sovereign rating of AAA with a stable outlook based on MARC’s national rating scale. The AAA rating reflects South Korea’s steady economic performance, prudent fiscal management and strong external position. Its strengths are, however, tempered by a rapidly ageing population and rising geopolitical risk. The stable ou...

MARC has affirmed the Republic of Korea’s (South Korea) foreign currency sovereign rating of AAA with a stable outlook based on MARC’s national rating scale. The AAA rating reflects South Korea’s economic resilience, sound fiscal position and strong external position. Its strengths are, however, moderated by its rapidly ageing population and geopolitical risk stemming from North Korea. The...

MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on the rating agency’s national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time, without respect to specific securities or payment obligations. The rating also serves as a country ceiling for ringgit-d...

MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of South Korea (GoK) has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denominated debt is...

MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of South Korea (GoK) has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denomin...

MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to South Korea based on the rating agency’s national rating scale. The government of South Korea (GoK) has no debt rated by MARC; the country ceiling applies to ringgit-denominated issuances by entities domiciled in South Korea to reflect the transfer and convertibility (T&C) risk in ringgit-...