S&P "Emergency martial law crisis will not affect Korea's credit rating"

Standard & Poor's, an international credit rating agency, recently assessed that there will be no real impact on Korea's national credit rating despite the emergency situation.

Kim Eng Tan, executive director of S&P, told a press seminar held in Yeouido, Seoul, today (4th) that the emergency martial law was lifted within a few hours and Korea's institutional foundation seems to be solid.

He then explained that there is no real reason to change the credit rating measurement method or change the rating of Korea, which is currently a long-term "AA".

Louis Kirsch, executive director of S&P, also said several countries, including France, are already experiencing political conflict and confusion, and the case does not appear to have been caused by serious disagreement over the economic and financial policy stance.

He also added that uncertainty is not a good thing in any form, but that he expects to find a solution gradually.