trending Market Intelligence /marketintelligence/en/news-insights/trending/bngi24m8o1s9ri8tkonz2a2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Fitch upgrades KGI Bank's viability rating, outlook

Municipal-Run Fiber Tops 280000 Subscribers In 2018

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next

Corporate Renewables Market Looks To Continue Growth After Record 2018


Fitch upgrades KGI Bank's viability rating, outlook

Fitch Ratings upgraded KGI Bank Co. Ltd.'s viability rating and raised theoutlook on its issuer default ratings to stable from negative.

The rating agency upgraded to "bbb" from"bb+" the bank's viability rating. At the same time, the bank'slong-term issuer default ratings were affirmed at BBB.

Fitch said the upgrade of the viability rating was due toits expectation that the bank's ordinary operations will benefit from parentChina Development FinancialHolding Corp.'s credit strength. In addition, the group hasadequate flexibility in funding and capital for growth and loss absorption.

The outlook was raised to stable to reflect the bank'sadequate assets quality, which consists of large corporate lending and good qualitybond holding.

The bank's ratings are sensitive to the overall ratings ofthe group. Any aggressive risk-taking or ramping up the proprietary tradingbusiness at KGI Securities could put pressure on the ratings.