S. Korea's credit rating maintained at "AA" by S&P Global with stable outlook

South Korea has had its credit ratings maintained at "AA" with a stable outlook by S&P Global, a leading financial services firm.

S&P notes that Seoul's strong policies support its credit rating, adding that last December's short-lived martial law imposition hasn't significantly affected the country's credit rating.

But it projects the country's GDP growth to slow to 1-point-2-percent this year due to weaker global trade, before rebounding to 2-percent next year.