Fitch rates S. Korea's credibility 'AA-' amid political uncertainty

International credit rating agency Fitch has kept South Korea's credit rating at 'AA-minus', maintaining a stable outlook for the country.

Fitch reaffirmed South Korea's rating on Thursday, citing strong external finances, stable economic performance, and a dynamic export sector.

It believes the current political uncertainty will have minimal short-term impact on Korea's economy.

While acknowledging ongoing political risks, Fitch said it does not expect them to significantly undermine the institutions or governance of South Korea.

Growth is forecast to slow in 2025, but Fitch said recovery is expected in 2026, supported by improving consumption and investment.