Fitch lifts KEB Hana Bank viability

Fitch Ratings said it affirmed KEB Hana Bank's long-term issuer default rating at A-.

Fitch also upgraded the bank's viability rating to A- from BBB+.

The outlook is stable.

The upgrade of the viability rating mainly reflects the merged bank's ongoing integration, which has so far evidenced no material disruptions, Fitch said.

The agency also said it expects the bank’s significantly enhanced franchise should contribute to an improved competitive position and funding over the long-term.

The ratings are underpinned the bank’s significant franchise in Korea, backed by a dominant market position in foreign-currency operations and sound leverage, Fitch said.

The bank’s capitalization is considered an adequate buffer against the risks posed by a challenging operating environment, the agency said.

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