Fitch rates Kasikornbank notes AA+

Fitch Ratings said it assigned Kasikornbank PCL's upcoming yen-denominated senior unsecured long-term debentures a national long-term rating of AA+(tha). The debentures will be issued in line with Thailand's Digital Infrastructure Sandbox and sold to institutional investors via a private placement.

“Fitch rates KBank's senior unsecured long-term debentures at the same level as the bank's national long-term rating of AA+(tha). This is in line with Fitch's criteria since the senior notes constitute the bank's unsecured and unsubordinated obligations,” the agency said in a statement.

The proceeds will be used for general corporate purposes.

The outlook is stable.

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