S&P to hold annual meeting in Korea this week

Global credit appraiser Standard & Poor’s will hold its annual meeting with South Korean policymakers this week to assess the country’s economy and its credit status, the Finance Ministry said Monday.

A delegation led by Kim Eng Tan, head of S&P’s Sovereign Ratings Asia Pacific, will be in Korea for the three-day meeting that will begin Tuesday, ministry officials said.

The team will meet with top policymakers including those from the finance ministry, the Financial Services Commission and the Bank of Korea, they added.

Korea’s latest macroeconomic situation, fiscal state and debt issues are expected to be included on the agenda.

S&P has kept its sovereign credit rating on South Korea at “A+,” with its long-term rating outlook held at “stable.”

(shinjh@heraldcorp.com)