Fitch Assigns AA- Ratings to Korea's Proposed Euro Bonds

Fitch Ratings has placed an AA- ratings on Korea's proposed three- and seven-year euro bonds, according to a Wednesday release. The bonds' rating is in line with Korea's long-term foreign-currency issuer default rating and sensitive to any shifts in the latter, Fitch said. Notable changes in the government debt-to-GDP ratio or geopolitical risks in the country could prompt future rating actions.