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
with the Korea JoongAng Daily
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