Tag #Political Turmoil

"What is the immediate impact of South Korea's recent political instability on its credit rating, and how has the government responded?"

"Despite recent political turmoil in South Korea, including a short-lived martial law declaration and an upcoming impeachment vote, three major credit rating agencies—Moody's, Fitch, and S&P—affirmed the country's stable credit rating. This assessment follows virtual meetings with the finance minister, who emphasized the continued normal functioning of government systems and proactive communication with global investors. The agencies cited South Korea's strong rule-based system and effective crisis management as key factors in maintaining confidence."