Fitch affirms Kasikornbank

Fitch Ratings said it affirmed Kasikornbank PCL's long-term foreign-currency issuer default rating at BBB+.

The outlook is stable.

The ratings reflect the bank's solid profitability, asset quality and capital, as well as its strong domestic banking franchise in the several banking segments, Fitch said.

The agency also said it believes the bank's overall financial position is sufficiently robust to absorb severe credit stress.

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