S&P Sees No Major Short-Term Issue That Would Affect South Korea’s Rating

(SEOUL) -- Credit ratings agency Standard & Poor’s said on Thursday that it sees no major short-term issues that could lead to rating actions for South Korea, with a war unlikely on the Korean peninsula despite rising geopolitical tensions.

“We don’t believe a war is likely to break out,” credit analyst Kim Eng Tan said, responding to a question at a Seoul press conference on the impact of North Korean risks on the economy.

Even with the heightened tensions, the ratings agency did...

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