February 12, 2020 / 1:51 AM / 17 days ago

BRIEF-Fitch Says Affirms Korea At 'AA-' ; Outlook Stable

Feb 11 (Reuters) - Fitch Ratings:

* FITCH AFFIRMS KOREA AT ‘AA-‘; OUTLOOK STABLE

* FITCH SAYS BELIEVE KOREA HAS FISCAL SPACE TO UTILISE NEAR-TERM FISCAL STIMULUS

* FITCH SAYS FORECASTS FISCAL DEFICITS IN KOREA OF 1.5% OF GDP (3.5% DEFICIT EXCLUDING SOCIAL SECURITY) IN 2020 AND 2021, LARGEST DEFICITS SINCE 2009

* FITCH SAYS EXPECTS KOREA’S GDP GROWTH TO STRENGTHEN IN 2020 TO 2.3%, FROM 2.0% IN 2019

* FITCH SAYS FORECAST INFLATION IN KOREA TO REMAIN LOW, AVERAGING 0.5% IN 2020 (2019: 0.4%)

* FITCH- ON TRADE FRONT, US-CHINA PHASE ONE TRADE DEAL EASES POLICY UNCERTAINTY FOR KOREA

* FITCH- GEOPOLITICAL RISKS AROUND RELATIONS WITH NORTH KOREA WEIGH ON RATING FOR SOUTH KOREA Source text for Eikon:

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