Global credit appraiser Fitch Ratings will send its officials to South Korea this week for an annual meeting with the nation’s key economic and financial policymakers, the finance ministry said Sunday.
The delegation led by Andrew Colquhoun, head of its Asia-Pacific sovereign team, is scheduled to start the three-day talks on Tuesday, according to the Ministry of Strategy and Finance.
During the visit, the delegation will have talks with officials from the finance ministry, the Bank of Korea, the state-run think tank Korea Development Institute and other financial regulators.
The talks will focus on possible impacts of global uncertainties on South Korea, household debt, fiscal health and geopolitical risks related to the North, the ministry said.
Fitch currently maintains its sovereign rating for South Korea at “A plus,” its fifth-highest investment grade.
The credit appraiser upgraded its ratings outlook for the country’s sovereign debt to “positive” from “stable” during last year’s visit.
A positive outlook indicates a potential upgrade within 6-12 months.
Meanwhile, officials from Standard and Poor’s are set to hold an annual meeting with local policymakers from July 17-19.
