Wednesday, February 22, 2017

Short-term debt ratio 27.6% peak four years



[Korea Jeongseon financial newspaper reporters] were counted at the highest level in four years, up to the last country total debt compared to short-term debt ratio is 27.6%.

According to the Ministry of Strategy and Finance 22 days of the end of short-term debt (contractual maturity less than one year) 2016 has increased by $ 800 million year-on-year to $ 105.2 billion. Short-term debt compared to total debt ratio is the highest level since 2013 (26.4%) to 27.6%.

Compared to foreign exchange reserves, showing a short-term solvency in a crisis situation, short-term debt ratio was also 28.3% in the previous year.

However, long-term debt (contractual maturity than one year) it is reduced compared to the previous year total of $ 16 billion to $ 275.8 billion, while foreign debt fell $ 15.1 billion to $ 380.9 billion the previous year.

Net external debt minus foreign liabilities in foreign bonds were also hit a record $ 403.4 billion as a maximum.

Debt reduction was mainly due to decrease of foreign domestic bonds (-179 million) and the like.

Evaluation was based unit that "despite a slight increase in the debt soundness and solvency indicators of short-term debt has been maintained healthy levels.

She said base unit 'potential US interest rate hikes, Trump governments and government policy direction as long as the lingering uncertainties in the international financial markets and is planning to maintain health, such as foreign debt, which closely review the trends reliably.

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