South Korea’s finance minister held a meeting with the delegation head of world credit score rating corporation Fitch Scores Inc. To exchange their perspectives at the current monetary scenario and the u . S . A .’s macroeconomic policies, the finance ministry here stated Friday.
In a assembly with Finance Minister Yoo Il-ho in Seoul, Thomas Rookmaaker, head of Asia-Pacific sovereigns at Fitch, said South Korea has visible consistent financial growth and maintained financial soundness, along with its efforts to push ahead with sweeping structural reform, in step with the Ministry of Strategy and Finance.
At the equal time, he introduced that Asia’s fourth-biggest financial system have to carefully address geopolitical issues associated with North Korean provocations.
Yoo stated the South Korean government has been making regular efforts to control external and internal poor dangers, take an expansionary stance to stimulate the economic system, and perform industry-wide reform.
The Fitch delegation visited South Korea for the annual session meetings with the finance ministry from Wednesday to Friday this week to check out the u . S .’s macroeconomic guidelines, along with its mid- and long-term plans, and monetary troubles like household debt and company restructuring.
Fitch has maintained a solid “AA-” grade for South Korea on account that June 2012, even as Trendy & Poors upgraded the rating of Asia’s fourth-largest economy to “AA” in advance this month, the third-maximum level at the employer’s desk. Moody’s rated the country at “Aa2” in 2015. (Yonhap)