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Moody’s rates KB Securities A3
Moody’s Investors Service said it assigned first-time A3/P-2 foreign currency issuer ratings to KB Securities Co., Ltd.
The outlook is stable.
KB Securities is 100% owned by KB Financial Group Inc.
The agency said the long-term rating reflects the company's standalone assessment of Ba1; three notches of uplift from affiliate support based on Moody's assessment that KB Securities will receive a very high level of support from its parent in times of need; and a one-notch of uplift from government support, reflecting Moody's assessment that KB Securities will receive a moderate level of public support from the Korean government (Aa2 stable) if needed.
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