S&P Global Ratings assigned its A- long-term and A-2 short-term issuer credit ratings to South Korea's KB Securities Co. Ltd., with a stable outlook.
The rating agency said July 3 that the ratings reflect its view that the company is integral to its parent KB Financial Group Inc. and is expected to remain strategically important to the parent. It also expects KB Securities to maintain its ample funding and liquidity profiles in the coming few years.
KB Securities, however, could face market risks, including interest rate risks, given its large holding of fixed-income securities, the rating agency noted.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.