Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kasikornbank PCL > News item |
Fitch affirms Kasikornbank
Fitch Ratings said it affirmed Kasikornbank plc's long-term foreign-currency issuer default rating at BBB+, short-term foreign-currency issuer default rating at F2, long-term foreign-currency subordinated debt at BBB, national long-term rating at AA(tha), national short-term rating at F1+(tha), national long-term senior unsecured debt at AA(tha), national short-term senior unsecured debt at F1+(tha) and national long-term subordinated debt at AA-(tha).
The outlook remains stable.
The ratings reflect the sustained improvement in the bank's underlying profitability and its asset quality and capital, as well as its strong domestic banking franchise, Fitch said.
The ratings also factor in the high probability of government support due to the bank's systemic importance, the agency added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.