Fitch affirms South Korea's AA- rating on export strength, buffers

Global credit ratings agency Fitch Ratings on Friday affirmed South Korea's AA- sovereign rating with a stable outlook, citing the country's strong external finances, resilient exports and stable macroeconomic performance despite geopolitical risks, and structural challenges. "We think Korea has sufficient external and fiscal buffers to manage global challenges in the near-term," Sagarika Chandra, Fitch Ratings' Asia-Pacific sovereign ratings director, said at a press conference in Seoul. Chandr

By The Korea Herald