Fitch affirms KGI Securities

Fitch Ratings said it affirmed KGI Securities Co. Ltd.'s long- and short-term foreign-currency issuer default ratings at BBB and F3, respectively, and its national long- and short-term ratings at A+(twn) and F1(twn), respectively.

The outlook is stable.

The ratings reflect KGI's strong domestic market position, adequate capitalization and liquidity, prudent risk management and moderate investment risk appetite, the agency said.

The ratings also take into account KGI's limited scope of business and products relative to regional peers, the agency noted.

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