Fitch Says North Korea Nuclear Issue Is a Constraint on South Korea Rating

(Bloomberg) -- South Korea's credit rating isn't likely to be raised until there is a solution to the North Korean nuclear issue, a Fitch Ratings analyst said.

``It's difficult for South Korea's rating to move in absence of a long-term solution to the North Korea nuclear issue,'' James McCormack, head of Fitch's Asian sovereign ratings, said in an interview in Seoul today. ``We're pretty comfortable with the rating we've got'' on South Korea.


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