The Finance Ministry said that global credit appraiser Fitch Ratings positively assessed the government's structural reform efforts to improve its financial soundness.
 
Finance Minister and Deputy Prime Minister Yoo Il-ho met with Thomas Rookmaaker, Director in Fitch Ratings' Asia-Pacific Sovereigns, in Seoul on Friday to discuss South Korea’s economic conditions and key economic policies.
 
Rookmaaker was said to have cited stable economic growth and solid fiscal soundness as the economy’s strengths and highly evaluated Seoul’s structural reform drive.
 
The Fitch director, however, also emphasized the need to keep a close eye on geopolitical risks related to North Korea.  
 
The ministry said that Yoo expressed gratitude to the agency for maintaining South Korea's sovereign rating at AA- since September 2012 despite the global trend to mark down countries’ sovereign ratings.