South Korea Credit Rating

CREDIT RATINGS • SUMMARY
SOUTH KOREA
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Rating Agency Rating Outlook Last Update Action
Standard & Poor's AA - 8 Aug 2016 rating upgrade
Moody's Investors Service Aa2 - 18 Dec 2015 rating upgrade
Fitch Ratings AA- - 6 Sep 2012 rating upgrade
DBRS - -

Current South Korea credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive South Korea ability to honor its financial commitments.

The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of South Korea, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.

South Korea: Long-term Rating Scales Comparison

South Korea long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with South Korea sovereign debt. These scales help investors understand the likelihood that South Korea will meet its financial obligations.

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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Grade Description S&P Moody's Fitch DBRS
Investment
Grade
Prime
AAA
Aaa
AAA
AAA
High Medium Grade
AA+
Aa1
AA+
AA(high)
AA
Aa2
AA
AA
AA-
Aa3
AA-
AA(low)
Upper Medium Grade
A+
A1
A+
A(high)
A
A2
A
A
A-
A3
A-
A(low)
Lower Medium Grade
BBB+
Baa1
BBB+
BBB(high)
BBB
Baa2
BBB
BBB
BBB-
Baa3
BBB-
BBB(low)
Speculative
Grade
Speculative
BB+
Ba1
BB+
BB(high)
BB
Ba2
BB
BB
BB-
Ba3
BB-
BB(low)
Highly Speculative
B+
B1
B+
B(high)
B
B2
B
B
B-
B3
B-
B(low)
Substantial Risk
CCC+
Caa1
CCC+
CCC(high)
CCC
Caa2
CCC
CCC
CCC-
Caa3
CCC-
CCC(low)
Extremely Speculative
CC
Ca
CC
CC
C
C
C
C
In Default
RD
/
RD
RD
SD
/
SD
SD
D•NR
D•NR
D•NR
D•NR
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South Korea Credit Ratings historical data

Timetable of South Korea credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

Not enough data.

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Date S&P Moody's Fitch DBRS
8 Aug 2016 AA
18 Dec 2015 Aa2
15 Sep 2015 AA-
10 Apr 2015 Aa3
19 Sep 2014 A+
13 Sep 2012 A+
6 Sep 2012 AA-
27 Aug 2012 Aa3
2 Apr 2012 A1
7 Nov 2011 A+
14 Apr 2010 A1
1 Sep 2009 A+
9 Nov 2008 A+
25 Jul 2007 A2
25 Apr 2006 A3
23 Oct 2005 A+
19 Sep 2005 A
27 Jul 2005 A
11 Jun 2004 A3
10 Feb 2003 A3
15 Nov 2002 A3
24 Jul 2002 A-
27 Jun 2002 A
13 May 2002 BBB+
28 Mar 2002 A3
29 Nov 2001 Baa2
13 Nov 2001 BBB+
21 Sep 2000 BBB+
16 Dec 1999 Baa2
11 Nov 1999 BBB
24 Jun 1999 BBB
26 Apr 1999 BBB-
12 Feb 1999 Baa3
25 Jan 1999 BBB-
19 Jan 1999 BBB-
4 Jan 1999 BB+
22 Dec 1998 BB+
18 Dec 1998 Ba1
19 Jun 1998 BB+
18 Feb 1998 BB+
3 Feb 1998 BB+
21 Jan 1998 B-
16 Jan 1998 B+
9 Jan 1998 Ba1
23 Dec 1997 B-
22 Dec 1997 B+
21 Dec 1997 Ba1
11 Dec 1997 BBB- BBB-
10 Dec 1997 Baa2
27 Nov 1997 A3
26 Nov 1997 A
25 Nov 1997 A-
18 Nov 1997 A+
24 Oct 1997 A+
6 Aug 1997 AA-
27 Jun 1996 AA-
3 May 1995 AA-
9 Nov 1994 A+
9 Jun 1994 A+
4 Apr 1990 A1
26 Jun 1989 A+
1 Oct 1988 A+
18 Nov 1986 A2
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