South Korea Credit Rating trends, research and data
This page includes the government debt credit rating and outlook of South Korea as reported by the credit rating agencies of S&P, Moody’s and Fitch. Credit rating agencies are often slow to respond to rising risk conditions. Sign up free to monitor South Korea’s sovereign risk using MacroVar Advanced Financial & Macroeconomic data analytics.
Date | Rating | Outlook | Indicator |
---|---|---|---|
21-04-22 | Aa2 (Stable) | Aa2 | South Korea Credit Rating (Moody's) |
12-05-20 | Aa2 (Stable) | Aa2 | South Korea Credit Rating (Moody's) |
11-02-20 | AA- | AA- | South Korea Credit Rating (Fitch) |
08-08-19 | AA- | AA- | South Korea Credit Rating (Fitch) |
23-01-19 | AA- | AA- | South Korea Credit Rating (Fitch) |
21-06-18 | AA- (Stable) | AA- | South Korea Credit Rating (Fitch) |
18-06-18 | Aa2 (Stable) | Aa2 | South Korea Credit Rating (Moody's) |
11-10-17 | AA- (Stable) | AA- | South Korea Credit Rating (Fitch) |
20-10-16 | AA- (Stable) | AA- | South Korea Credit Rating (Fitch) |
07-08-16 | AA (Stable) | AA | South Korea Credit Rating (S&P) |
22-07-16 | AA- (Stable) | AA- | South Korea Credit Rating (Fitch) |
02-02-16 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
18-12-15 | Aa2 (Stable) | Aa2 | South Korea Credit Rating (Moody's) |
15-09-15 | AA- (Stable) | South Korea Credit Rating (S&P) | |
13-07-15 | AA- | AA | South Korea Credit Rating (Fitch) |
10-04-15 | Aa3 (Positive) | Aa3 | South Korea Credit Rating (Moody's) |
29-09-14 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
23-09-14 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
19-09-14 | (Positive) | South Korea Credit Rating (S&P) | |
09-09-14 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
29-08-14 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
19-08-14 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
05-08-14 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
30-07-14 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
24-07-14 | AA- (Stable) | AA | South Korea Credit Rating (Fitch) |
South Korea Credit Rating Analysis
The credit rating signal from each credit rating agency for the sovereign debt of South Korea and it’s meaning is presented in the table below.
S&P | Moody’s | Fitch | Analysis |
AAA | Aaa | AAA | Prime |
AA+ | Aa1 | AA+ | High grade |
AA | Aa2 | AA | |
AA- | Aa3 | AA- | |
A+ | A1 | A+ | Upper medium grade |
A | A2 | A | |
A- | A3 | A- | |
BBB+ | Baa1 | BBB+ | Lower medium grade |
BBB | Baa2 | BBB | |
BBB- | Baa3 | BBB- | |
BB+ | Ba1 | BB+ | Non-investment grade speculative |
BB | Ba2 | BB | |
BB- | Ba3 | BB- | |
B+ | B1 | B+ | Highly speculative |
B | B2 | B | |
B- | B3 | B- | |
CCC+ | Caa1 | CCC | Extremely speculative |
CCC | Caa2 | ||
CCC- | Caa3 | In Default with small probability of recovery | |
CC | Ca | ||
C | C | ||
D | / | DDD | In default |