Fitch rates KB Securities A-

Fitch Ratings said it assigned KB Securities Co., Ltd. a long-term issue default rating of A- and a short-term issuer default rating of F1.

A support rating of 1 was also assigned.

The outlook is stable.

The agency said the issuer default and support ratings are driven by a view that there is an extremely high likelihood that the company’s parent, KB Financial Group Inc., would provide support to KB Securities, if needed.

KB Financial’s creditworthiness is largely underpinned by Kookmin Bank (A/stable), the group's flagship bank, Fitch said.

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