* Date : 2016-09-06
Korea's Credit Rating Boost and Outlook for 2016 2H
In August, Standard & Poor's, one of the top 3 credit ratings agencies in the world, raised Korea's sovereign debt rating up one level, the highest in the nation's history. This has been long awaited good news for the Korean economy. However, the aftermath of the Brexit vote coupled with possible interest rate hikes from the U.S. are adding uncertainty to the global economy. Korea has its own domestic problems such as long term low growth, recessionary trade surplus and high household debt to handle. We present an outlook on the Korean economy in the second half of 2016.