ID :
29390
Mon, 11/10/2008 - 11:20
Auther :

Fitch cuts S. Korea's credit outlook to 'negative'

SEOUL, Nov. 10 (Yonhap) -- International credit appraiser Fitch Ratings said
Monday that it has lowered its outlook for South Korea's sovereign rating from
"stable" to "negative," reflecting the impact of the ongoing global financial
turbulence on its economy.
The downgrade was announced in a special report that reviewed the credit status
of 17 emerging countries, including South Korea, China, Taiwan and Malaysia,
according to the agency.
kokobj@yna.co.kr
(END)

X