KB Kookmin Bank’s Ratings Affirmed with a Stable Outlook
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Ref: KR007 1 9 CRA00- 0 1 3 November 20 20
KB Kookmin Bank’s Ratings Affirmed with a Stable Outlook
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 affirmed KB’s B ank Standalone Rating (BSR) of ‘bbb’ and C ore F inancial S trength (CFS) rating of ‘bbb-’ . The Outlook for the LT FCR and BSR is Stable.
The four-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 together with the largest market share of total assets in the South Korean banking sector . Consequently, t he Bank’s LT FCR has been aligned with CI’s internal…