South Korea: S & P falls a notch long-term rating to “A +” – Boursorama

The Standard & amp financial evaluation agency; Poor’s raised Tuesday by one notch from “A +” to “AA-” long-term debt rating of South Korea, predicting that growth will remain higher than in most other developed economies within three to . five years

This rating “reflects a favorable political environment of the country” and “fiscal health,” says S & amp; P in a statement.

The US agency also believes that its “financial parameters remain largely unchanged over the next two years,” notramment marked by a reduction in its external debt.

The notation was with a stable outlook, meaning that S & amp;. P is not considering lowering or improve it for the moment

The stable outlook also indicates that S & amp; P considers that ” occasional tensions with North Korea will not escalate beyond what we have observed since the takeover of North Korean leader Kim Jong-Un in 2011 “.

Korea South recorded second-quarter growth rate of 0.3% against 0.8% the previous quarter, slowed by an epidemic of Mers coronavirus that has scared away tourists and affect household consumption.

Copyright © 2015 AFP. All rights of reproduction and distribution reserved.

All information displayed on this section (dispatches, photographs, logos) is protected by intellectual property rights owned by AFP. Therefore, none of this information may be reproduced, modified, transmitted, redistributed, translated, sold, exploited commercially or used in any way whatsoever without the prior written consent of AFP. AFP shall not be held liable for delays, errors, omissions, which may not be excluded or the consequences of the actions or transactions made on the basis of this information.