South Korea | Credit Rating

Standard & Poor's credit rating for South Korea stands at AA with stable outlook. Moody's credit rating for South Korea was last set at Aa2 with stable outlook. Fitch's credit rating for South Korea was last reported at AA- with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of South Korea thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for South Korea as reported by major credit rating agencies.



AgencyRatingOutlookDate
S&PAA Stable Aug 08 2016
TE84 Stable Apr 16 2016
Moody'sAa2 Stable Dec 18 2015
S&PAA- Stable Sep 15 2015
Moody'sAa3 Positive Apr 10 2015
S&PA+ Positive Sep 19 2014
S&PA+ Stable Sep 13 2012
FitchAA- Stable Sep 06 2012
Moody'sAa3 Stable Aug 27 2012
Moody'sA1 Positive Apr 02 2012
FitchA+ Positive Nov 07 2011
Moody'sA1 Stable Apr 14 2010
FitchA+ Stable Sep 01 2009
FitchA+ Negative Nov 09 2008
Moody'sA2 Stable Jul 25 2007
Moody'sA3 Positive Watch Jul 03 2007
Moody'sA3 Positive Apr 25 2006
FitchA+ Stable Oct 23 2005
FitchA Positive Watch Sep 19 2005
S&PA Stable Jul 27 2005
Moody'sA3 Stable Jun 11 2004
Moody'sA3 Negative Feb 10 2003
Moody'sA3 Positive Nov 15 2002
S&PA- Stable Jul 24 2002
FitchA Stable Jun 27 2002
FitchBBB+ Positive Watch May 13 2002
Moody'sA3 Stable Mar 28 2002
Moody'sBaa2 Positive Watch Feb 06 2002
Moody'sBaa2 Positive Nov 29 2001
S&PBBB+ Stable Nov 13 2001
FitchBBB+ Stable Sep 21 2000
Moody'sBaa2 Stable Dec 16 1999
S&PBBB Positive Nov 11 1999
Moody'sBaa3 Positive Watch Aug 23 1999
FitchBBB N/A Jun 24 1999
FitchBBB- Positive Watch Apr 26 1999
Moody'sBaa3 Positive Feb 12 1999
S&PBBB- Positive Jan 25 1999
FitchBBB- N/A Jan 19 1999
S&PBB+ Positive Jan 04 1999
FitchBB+ Positive Watch Dec 22 1998
Moody'sBa1 Positive Watch Dec 18 1998
FitchBB+ N/A Jun 19 1998
S&PBB+ Stable Feb 18 1998
FitchBB+ Positive Watch Feb 03 1998
FitchB- Positive Watch Jan 21 1998
S&PB+ N/A Jan 16 1998
Moody'sBa1 Negative Watch Jan 09 1998
FitchB- Negative Watch Dec 23 1997
S&PB+ Negative Watch Dec 22 1997
Moody'sBa1 Stable Dec 21 1997
S&PBBB- Negative Watch Dec 11 1997
FitchBBB- Negative Watch Dec 11 1997
Moody'sBaa2 Negative Watch Dec 10 1997
Moody'sA3 Stable Nov 27 1997
FitchA N/A Nov 26 1997
S&PA- Negative Watch Nov 25 1997
FitchA+ N/A Nov 18 1997
S&PA+ Negative Oct 24 1997
S&PAA- Negative Aug 06 1997
FitchAA- N/A Jun 27 1996
S&PAA- Stable May 03 1995
S&PA+ Positive Nov 09 1994
S&PA+ Negative Jun 09 1994
Moody'sA1 Stable Apr 04 1990
S&PA+ Positive Jun 26 1989
S&PA+ N/A Oct 01 1988
Moody'sA2 Stable Nov 18 1986


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB 65
B- B2 B 41
B+ B2 B B 15
B1 B+ 43
BBB+ BBB- 63
AAA Aaa AAA AAA 97
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 55
BB+ Baa3 65
B+ B1 BB+ 60
BB- Ba3 BB- 40
CCC+ Caa3 53
B Caa1 B- 25
AA Aa3 AA- AA (high) 88
B- B3 25
N/A N/A 30
A+ A2 N/A 91
BB Ba3 BB- 38
B B3 28
A- A2 73
BB Ba2 BB BB 34
BBB- Baa2 BBB 53
B 30
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 35
Aa3 85
A+ Aa3 A N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB BBB 52
CCC+ B3 25
BB- Ba2 BB 50
BB Ba2 BB 45
Caa2 20
BB+ Ba3 BB BB (low) 36
AA- A1 A+ 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 36
B- B3 B 29
B- B3 B 28
CCC+ Caa1 B- 41
AA- A1 A+ AA (low) 81
B B1 B 31
AA AAA 99
B+ Ba3 33
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 90
N/A B3 B 40
BB- Ba2 BB- 38
AAA Aaa AAA AAA 100
B- B3 B 31
B- Caa2 B- CCC (high) 10
SD
BB- Ba1 BB 49
BB- B1 33
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 47
A A3 A 55
BBB- Baa2 BBB- BBB 48
BBB- Baa3 BBB- 46
B- Caa1 B- 25
A+ A2 A+ A (high) 70
N/A Aa2 98
A+ A1 A+ 76
BBB Baa2 BBB BBB (high) 60
Ba3 B+ 38
B B3 B 24
A+ A1 A A 78
B+ B1 45
BBB- Baa3 BBB 61
B+ B1 B+ 20
AA Aa2 AA 90
NR B2 30
A- A3 A- A (low) 69
B- B3 B- 31
B+ 40
AAA 100
A- A3 A- A (low) 69
AAA Aaa AAA AAA 100
Aa3 AA- 88
BB- BB 48
A- A3 A- 66
B2 B+
A- A3 A+ A 74
Baa1 65
BBB+ A3 BBB+ BBB (high) 60
B3 25
B- Caa1 B- 36
B+ B1 40
BBB- 55
BBB- Ba1 BBB- 54
SD Caa3 CC 30
Ba1 BB+ 55
AAA Aaa AAA AAA 100
AA Aaa AA 90
B+ B2 B+ 33
B B2 B+ 28
AAA Aaa AAA AAA 99
BB Baa2 BBB- 78
B B3 B 19
BBB Baa2 BBB 60
B+ B2 35
BB Ba1 BB 41
BBB+ A3 BBB+ N/A 60
BBB Baa2 BBB 53
BBB+ A2 A- A 67
BBB- Ba1 BBB BBB (low) 44
D 0
AA- Aa3 AA- 87
CCC+ B3 CC 30
BBB- Baa3 BBB- 52
BB+ Ba1 BBB- 43
B B2 B+ 30
BBB- 65
A- A1 A+ 86
B+ Ba3 35
BB- Ba3 BB 36
BB- 30
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 80
A+ Baa1 A- A 61
B3 25
BB Baa3 BB+ 49
AA Aa2 AA- 84
BBB+ Baa2 BBB+ A (low) 62
B+ B1 B+ 38
B3 25
B B1 B- 39
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 82
B- B3
BBB+ Baa1 BBB+ 63
BBB+ Ba1 68
BB- B1 B+ 44
BB Ba1 BB+ BB (high) 44
B B2 B+ 33
B- Caa2 B- 15
AA Aa2 AA 90
AA Aa2 AA AAA 95
AA+ Aaa AAA AAA 97
BBB Baa2 BBB- BBB (low) 56
SD Caa3 RD 5
BB- B1 BB- 29
B B3 B 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com