FOREX TradingCharts.com

Financial News: Fitch Maintains Korea's Rating At 'AA-'

Fitch Maintains Korea's Rating At 'AA-'

10/12/2017 - 01:09:00 (RTTNews)

(RTTNews) - Fitch Ratings on Thursday affirmed sovereign ratings of Korea at 'AA-' with a 'stable' outlook.

The action balances robust external finances and a strong macroeconomic performance with geopolitical risk related to the tense relationship with North Korea and longer-run challenges of rapid population ageing and low productivity.

Geopolitical risk resulting from the longstanding standoff on the Korean peninsula continues to weigh on the rating, the agency said. Nonetheless, affirmation of the ratings is in line with Fitch's belief that an outright war on the Korean peninsula will be averted.

Further, Fitch observed that macro performance continues to be strong compared with many of its peers. Fitch forecast GDP growth to be close to potential at 2.7 percent for 2017, 2.8 percent for 2018 and 2.6 percent for 2019.

Fitch also viewed that new administration's economic policy focus on job creation and income-led growth is likely to strengthen demand.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Supermarket Sales Decline In September (29 min(s), 37 sec(s) ago)
(RTTNews) - Japan's supermarket sales dropped in September from a year ago, a report from the ...Full Story»

Australia's Consumer Confidence Improves (14 min(s), 23 sec(s) ago)
(RTTNews) - Australia's consumer confidence rebounded during the week ended October 22, a week ...Full Story»

Japan Manufacturing PMI Slows In October - Nikkei (23 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in October, albeit at a slightly ...Full Story»

ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph (55 min(s), 23 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closin ...Full Story»

BRAZIL: Caution With Politics Dictates Stock Market Tone (44 min(s), 23 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 1.27% Monday, closing at 75,413.12 ...Full Story»

VENEZUELA: CNE Did Not Receive Formal Challenge To Electoral Process (26 min(s), 23 sec(s) ago)
(RTTNews) - Venezuela's National Electoral Council (CNE) director Tania D 'Amelio said tha ...Full Story»

COLOMBIA: Colcap Drops 0.32% On Fears Of Possible U.S. Rate Hike (11 min(s), 23 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.32% Monday, closing at ...Full Story»

VENEZUELA: Country And China Strengthen Strategic Alliance In Energy (02 min(s), 23 sec(s) ago)
(RTTNews) - Venezuela and China strengthened their strategic alliance in energy, primarily aiming ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Supermarket Sales Decline In September

10/24/2017 - 01:15 AM (RTTNews)
(RTTNews) - Japan's supermarket sales dropped in September from a year ago, a report from the ...Full Story>>

Australia's Consumer Confidence Improves

10/23/2017 - 23:59 PM (RTTNews)
(RTTNews) - Australia's consumer confidence rebounded during the week ended October 22, a week ...Full Story>>

Japan Manufacturing PMI Slows In October - Nikkei

10/23/2017 - 20:45 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to expand in October, albeit at a slightly ...Full Story>>

ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph

10/23/2017 - 20:40 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closin ...Full Story>>

BRAZIL: Caution With Politics Dictates Stock Market Tone

10/23/2017 - 20:29 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 1.27% Monday, closing at 75,413.12 ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.