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Published on 7/19/2012 in the Prospect News Emerging Markets Daily.

Fitch affirms Kookmin Bank

Fitch Ratings said it affirmed Kookmin Bank's long-term foreign-currency issuer default ratings at A, along with a viability rating at A.

The outlook is stable.

The ratings mainly reflect the bank's substantial domestic retail franchise and strong capitalization, Fitch said.

The agency also takes into account the bank's moderating margins, adequate loan quality and its below-average liquidity/funding profile by international comparison.


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