S&P: Political situation in South Korea unlikely to lead to rating downgrade

Jinshi data, December 5th news, Standard & Poor’s Global Ratings said in a report that the martial law turmoil in South Korea is unlikely to cause a change in South Korea’s credit rating. S&P said that the developments may weaken investors’ view of the country’s political stability. The report pointed out: “Nevertheless, the rapid lifting of martial law and the relatively stable restoration without serious violence indicate that the checks and balances in the political system are at work.” “We believe this may mitigate the damage to investor confidence.” S&P maintains South Korea’s long-term sovereign credit rating at AA with a stable outlook.