[THE INVESTOR] The South Korean government will have its annual consultation with Fitch Ratings this week to discuss the country’s credit valuation, the finance ministry said Aug. 24.

Led by Thomas Rookmaaker, head of Asia-Pacific sovereigns at Fitch, the delegation will visit South Korea for meetings with the Ministry of Strategy and Finance from Aug. 24 to Aug. 26.

Fitch will look into South Korea’s macroeconomic policies, including its mid- and long-term plans, and financial issues like household debt and corporate restructuring, according to the ministry.

It will also check the country‘s fiscal health and financial stability, as well as geopolitical situations such as North Korean issues.

Fitch has maintained a stable AA- grade for South Korea since June 2012, while Standard & Poor’s upgraded the rating of Asia’s fourth-largest economy to AA earlier this month, the third-highest level on the company’s table. Moody’s rated the country at Aa2 in 2015.

The ministry said it will have meetings with Moody‘s in September to discuss South Korea’s sovereign rating assessment, following a discussion with S&P in April.

(theinvestor@heraldcorp.com)