S&P Global Does Not Anticipate a Rating Change Triggered by Martial Law Efforts in South Korea

Forex - S&P Global stated that President Yoon Suk Yeol's recent attempt to impose martial law is unlikely to trigger a credit rating change for South Korea. S&P Global noted that the developments might potentially weaken investors' perception of the political stability in the country. The report mentioned, "However, the rapid lifting of the martial law regime and a return to relative stability without serious violence demonstrated that the checks and balances within the political system are functioning." S&P Global assessed, "We believe this is likely to mitigate the damage to investor confidence." S&P Global maintains South Korea's long-term credit rating at "AA" with a "stable" outlook.