Fitch analysts in town this week to assess Korea’s standing

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Fitch analysts in town this week to assess Korea’s standing

Fitch Ratings analysts will visit Korea for their annual review of Asia’s fourth-largest economy, the Ministry of Strategy and Finance said Sunday.

The analysts will hold meetings with central bankers, government officials and think tanks from today to Thursday, the ministry said in a statement. Fitch will focus on the country’s household debt, the financial soundness of local banks, the potential impact of the euro-area crisis on the economy and geopolitical risk, according to the statement.

The ratings company revised its outlook for Korea’s long-term foreign currency issuer default rating to “positive” from “stable” and affirmed the A+ rating on Nov. 7.

Bloomberg

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