Credit Ratings

  KBank   Thailand
  Foreign Currency Local Currency/ National Ratings Outlook

Government Outlook
  Long-term* Senior Unsecured Notes Subordinated Debts
Long-term Subordinated Debts
Moody's Baa1 Baa1 Baa3 Baa1 N/A Stable   Baa1 Stable
S&P's BBB+ BBB+ BBB N/A N/A Stable   BBB+ Stable
Fitch BBB+ BBB+ N/A AA+(tha)*** AA(tha)*** Stable
BBB+ Stable
    * Moody's: Foreign Currency Long-term Deposit Rating; S&P's: Long-term Counterparty Credit Rating; Fitch Ratings: Foreign Currency Long-term Issuer Default Rating
  ** July 22, 2016: Fitch downgraded Thailand's Long-Term Local Currency Issuer Default Rating (LTLC IDR) to 'BBB+' from 'A-,’ in line with updated guidance  contained in Fitch's                revised  Sovereign Rating Criteria dated July 18, 2016; Fitch concluded that Thailand's credit profile no longer supports a notching up of the LTLC IDR above the LTFC IDR
*** August 2, 2016: Fitch upgraded the National Long-Term Ratings of nine financial institutions in Thailand (including KBank); KBank’s National Rating of KBank reflects its standalone        credit strengths; the standalone profile has remained unchanged despite the Thai sovereign rating action, which has led to a narrowing of the gap relative to the sovereign on  
       the national scale ratings​