Fitch rates Korea bonds AA-

Fitch Ratings said it assigned an expected AA- rating to Korea's upcoming dollar-denominated global bonds.

The expected rating is in line with the Republic of Korea's long-term foreign-currency issuer default rating of AA-. The sovereign's long-term local-currency issuer default rating is AA.

The outlook is stable.

The ratings are underpinned by Korea's fundamental strengths, which include a resilient economy and a robust macroeconomic policy framework in which sustained fiscal discipline and a flexible exchange rate remain intact, Fitch said.

These factors leave Korea well-positioned to cope with the risks of high household debt, and a volatile global economic and financial environment, the agency said.

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