Makrognosis

South Korea Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:KR

Model score85 / 1009 Nov 2026
Grade equivalentAA-model-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank17th of 84economies scored

Makrognosis sovereign credit model scores South Korea at 85 out of 100 as of 9 November 2026, equivalent to AA- on the familiar letter scale — investment grade.

The score is up 7.3 points from 78 on 1 October 2026.

That places South Korea 17th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 48.8% of GDP, a fiscal balance of −0.4% of GDP, a current account balance of 17.1% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

South Korea sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 202676788082848688Robomacro
South Korea sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202684.8AA-
1 October 202677.5A+
31 July 202677.5A+
30 July 202686.7AA-
26 July 202687.2AA-
21 June 202685.4AA-
18 June 202682.4A+
Get the South Korea sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/KR"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/KR",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for South Korea, from official national and international statistics.

InputValueVintage
GDP per capitaUS$36,2272026
Real GDP growth, 5-year average3.2%2026
Inflation, recent average2.6%2026
Government debt48.8% of GDP2026
Fiscal balance−0.4% of GDP2026
Current account balance17.1% of GDP2026
Foreign-exchange reserves6.5 months of imports2026
Governance (World Bank WGI composite)0.9862026

How South Korea compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
12Japan9 Nov 202689
13United Kingdom9 Nov 202688
14Finland9 Nov 202688
15United States9 Nov 202687
16New Zealand9 Nov 202685
17South Korea9 Nov 202685
18India9 Nov 202684
19Austria9 Nov 202683
20France9 Nov 202682
21Singapore9 Nov 202682
22Jamaica9 Nov 202680
23Belgium9 Nov 202680

All 84 economies ranked →

South Korea economic indicators

South Korea GDP (Gross Domestic Product)South Korea Korea: GDP at market prices, SA, current prices (BOK ECOS)South Korea Inflation Rate (CPI)South Korea Core Inflation RateSouth Korea Unemployment RateSouth Korea 10-Year Government Bond YieldSouth Korea Industrial ProductionSouth Korea Korea industrial production index, original (not seasonally adjusted), 2020=100 (KOSTAT via BOK ECOS)South Korea Producer Price Inflation (PPI)South Korea Korea: Current Account, monthly, NSA (BOK ECOS, USD mn)South Korea Korea: Current Account, monthly, SA (BOK ECOS, USD mn)South Korea Korea: Exports of Goods (Korea Customs Service final, BOK ECOS 901Y092 E100; thousand USD x 0.001 = USD mn)South Korea Korea: Imports of Goods (Korea Customs Service final, BOK ECOS 901Y092 I100; thousand USD x 0.001 = USD mn)South Korea Korea consumer sentiment index (KOSTAT via BOK ECOS 511Y002 FME 99988)South Korea M2 Money StockSouth Korea Capacity Utilization

FAQ

What is South Korea's credit rating?
Makrognosis sovereign credit model scores South Korea at 85/100 as of 9 November 2026, equivalent to AA- (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/KR returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.