Fitch affirms Kookmin Bank

Fitch Ratings said it affirmed Kookmin Bank's long-term foreign-currency issuer default rating at A+ and short-term issuer default rating at F1, along with its senior unsecured notes at A+.

The outlook remains negative.

The outlook takes into account the bank's lowered capital base through a share buyback - as part of its reorganization under a financial holding company, as well as its increased risk appetite and some weakening in its operating environment, Fitch said.

Another overall concern for Korean banks in general, including Kookmin, is the weakening operating environment, the agency said.

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