KB Securities' Proposed Senior Unsecured Notes Rated 'A-'

HONG KONG (S&P Global Ratings) Oct. 19, 2021--S&P Global Ratings today assigned its 'A-' long-term foreign currency issue rating to a proposed issuance of U.S. dollar denominated senior unsecured notes by KB Securities Co. Ltd. (A-/Stable/A-2). The proposed issuance will be drawn down from the Korea-based securities company's US$2 billion euro medium term note program. The issue rating is subject to our review of the final issuance documentation. The notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of KB Securities. They will rank equally with all other unsecured and unsubordinated obligations of the company. KB Securities intends to use the net proceeds from the issuance for general corporate purposes. General Criteria: Environmental, Social, And Governance Principles In Credit Ratings,

...October 19, 2021 HONG KONG (S&P Global Ratings) Oct. 19, 2021--S&P Global Ratings today assigned its 'A-' long-term foreign currency issue rating to a proposed issuance of U.S. dollar denominated senior unsecured notes by KB Securities Co. Ltd. (A-/Stable/A-2). The proposed issuance will be drawn down from the Korea-based securities company's US$2 billion euro medium term note program. The issue rating is subject to our review of the final issuance documentation. The notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of KB Securities. They will rank equally with all other unsecured and unsubordinated obligations of the company. KB Securities intends to use the net proceeds from the issuance for general corporate purposes....

Ratings Action