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BRIEF-S&P says Republic of Korea 'AA/A-1+' ratings affirmed; outlook stable
August 18, 2017 / 8:26 AM / a month ago

BRIEF-S&P says Republic of Korea 'AA/A-1+' ratings affirmed; outlook stable

Aug 18 (Reuters) -

* S&P - republic of korea ‘AA/A-1+’ ratings affirmed; outlook stable

* S&P - although geopolitical tensions have risen of late in the Korean Peninsula, believe a direct armed conflict is unlikely

* S&P - also affirmed the ‘A-1+’ short-term rating on Korea

* S&P - believe the risk of an armed conflict in the Korean Peninsula remains remote despite the growing geopolitical tensions in recent months

* S&P-outlook reflect expectation geopolitical risks in Korea will not escalate over next 2 years beyond what was observed since last leadership change

* S&P - ratings on Korea reflect the country's favorable policy environment, sound fiscal position, and net external creditor position Source text -

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