Fitch Ratings has decided to keep South Korea's credit rating at double-A-minus, the agency's fourth-highest level.
The rating has remained the same since September 2012.
In a report on Thursday Fitch said South Korea's outlook is "stable," citing what it says are its robust finances and a steady economic performance.
It also said the government has been handling the pandemic well and that rising exports have helped the recovery.
It projected GDP growth for this year to be 4.5 percent and 3 percent in 2022.