Fitch Ratings revised the outlook on KBC Group NV unit KBC Bank NV to positive from stable.
The outlook revision followed the buildup of a significant junior debt buffer that offers additional protection to the bank's senior unsecured creditors, the agency noted.
The rating agency affirmed the A long-term issuer default rating of KBC Group, KBC Bank and KBC Verzekeringen NV.
Also affirmed were the "a" viability ratings, F1 short-term issuer default ratings and 5 support ratings of KBC Group and KBC Bank. The outlook on KBC Group is stable.
The rating agency also affirmed the A+ insurer financial strength ratings on KBC Group Re SA and on KBC Verzekeringen, with stable outlooks.
Also affirmed were the senior debt ratings of KBC Group and KBC Bank at A/F1 and that of KBC IFIMA SA at A. The short-term debt rating of KBC IFIMA was affirmed at F1.