Fitch Affirms Kasikornbank at ‘BBB+’; Outlook Stable
Fitch Ratings has today affirmed Kasikornbank Public Company Limited’s (KBANK) ratings as follows:
Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB+’, Short-term foreign currency IDR at ‘F2’, Individual at ‘C’, Support at ‘2’ and its long-term foreign currency subordinated debt at ‘BBB’.
The Bank’s Support Rating Floor remains unchanged at ‘BBB-’ (BBB minus). At the same time, the agency has affirmed the bank’s National Long-term rating at ‘AA(tha)’, National Short-term rating at ‘F1+(tha)’, its National long-term and short-term senior unsecured debt at ‘AA(tha)’ and ‘F1+(tha)’, respectively, as well as its subordinated debt at National Long-term ‘AA-(tha)’ (AA minus(tha)). The Outlook on the bank remains Stable.