KB Kookmin Bank’s Ratings Affirmed

Ref: KR 0 0 7 21 CRA00- 0 1 2 November 2022

KB Kookmin Bank’s Ratings Affirmed

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

KB’s LT FCR is set three notches above the BSR based on an Extraordinary Support Level (ESL) of Very High. The ESL takes into account KB’s D-SIB status together with the largest market share of total assets in the South Korean banking sector. T he LT FCR is also aligned with CI’s internal assessment of sovereign credit risk for South Korea.

The BSR is derived from a CFS…