TEXT-Fitch:Korea vote looks neutral for sovereign, corporate ratings


(The following statement was released by the rating agency) Dec 20 - Korea's presidential election, won by Park Geun-hye of the ruling Saenuri party, is unlikely to result in dramatic economic or fiscal policy shifts that would have near-term implications for Korea's 'AA-' rating, Fitch Ratings says. The impact on the ratings of chaebol-controlled companies and state-owned entities (SOEs) is also likely to be neutral. Our expectation before the election was ...

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