Global rating agency Standard & Poor's(S&P) says the negative impact of North Korea’s nuclear test on the South’s financial market and economy will be short-lived.
 
In a news release Wednesday, S&P said that the North’s nuclear test will have a limited impact on the South Korean government’s credit rating. It said geopolitical tensions and security risks won’t build up to affect South Korea’s current corresponding credit rating.
 
It said the short-term security threat facing South Korea won’t expand much and that although the North has conducted many nuclear tests, there is little possibility that it will produce actual nuclear weapons in the near future.
 
S&P said, however, that the North’s moves are unpredictable and little is known about the country to the outside world. Those factors make it difficult to assess whether such risks may threaten regional stability and weaken the basis of the South's credit rating.