KB Kookmin Bank’s FCRs Affirmed; BSR Raised

KB Kookmin Bank’s FCRs Affirmed; BSR Raised

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed t he L ong T erm – F oreign C urrency R ating (LT FCR) and S hort- T erm F oreign Currency Rating (ST FCR) of KB Kookmin Bank (KB) at ‘A+’ and ‘A1’, respectively . At the same time, CI Ratings has raised KB’s B ank Standalone Rating (BSR) to ‘bbb+’ from ‘bbb’ and C ore F inancial S trength (CFS) rating to ‘bbb’ from ‘bbb-’ . The Outlook for the LT FCR and BSR remains Stable.

The upward revision of the BSR and CFS rating is mainly driven by the Bank’s resilient loan asset quality metrics and the strengthening of capital ratios to a solid level at end H1 21. The three -notch uplift of the Bank’s LT FCR above the BSR is based on an E xtraordinary S upport L evel (ESL) of Very High. The ESL takes into account KB’s D-SIB status …