SEOUL, Oct. 17 (Korea Bizwire) – Global credit appraiser Fitch Ratings has reaffirmed South Korea’s sovereign rating at “AA-” with a stable outlook, the finance ministry said Tuesday. Fitch has maintained the level of AA- for South Korea, the fourth-highest level on its sovereign ratings table, since September 2012 when it upgraded the rating by [...]
SEOUL, May 27 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of smartphones, is expected to solidify its position in the global smartphone market as troubles surrounding China’s Huawei Technologies Co. deepened amid an escalating trade feud between Washington and Beijing, Fitch Ratings said Monday. Google has said it will stop supplying its [...]
SEOUL, Nov. 8 (Korea Bizwire) — A large number of South Korean companies have suffered credit rating downgrades this year due to poor performances stemming from protracted sluggish demand, despite an upgrade in the country’s sovereign rating, market data showed Sunday. According to the data compiled by Korea Investors Service Inc., one of the three [...]