S&P maintains Korea's AA credit rating

Global credit rating agency Standard & Poor’s Global Ratings (S&P) maintained Korea’s long-term sovereign credit rating at AA on Tuesday, unchanged from its previous assessment.

The rating outlook also remained “stable,” the same as before.

S&P has kept Korea’s credit rating at the AA level since upgrading it from AA- in 2016, maintaining the rating for nearly a decade.

Translated from the JoongAng Ilbo using generative AI and edited by Korea JoongAng Daily staff.

BY LEE HAY-JUNE [kim.minyoung5@joongang.co.kr]