KBank And Krung Thai Bank Ratings Affirmed, Off Watch Negative On Adequate Capital And Stable Funding; Outlook Negative - S&P Global Ratings’ Credit Research

KBank And Krung Thai Bank Ratings Affirmed, Off Watch Negative On Adequate Capital And Stable Funding; Outlook Negative

KBank And Krung Thai Bank Ratings Affirmed, Off Watch Negative On Adequate Capital And Stable Funding; Outlook Negative - S&P Global Ratings’ Credit Research
KBank And Krung Thai Bank Ratings Affirmed, Off Watch Negative On Adequate Capital And Stable Funding; Outlook Negative
Published Oct 20, 2021
5 pages (2517 words) — Published Oct 20, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Our ratings on KASIKORNBANK PCL (KBank) and Krung Thai Bank Public Co. Ltd. (KTB) remain supported by their healthy capital and liquidity despite elevated pressures on asset quality. On Oct. 20, 2021, we affirmed our 'BBB+/A-2' issuer credit ratings on KBank and 'BBB/A-2' issuer credit ratings on KTB. We also affirmed the issue ratings on the banks' outstanding debt. At the same time, we removed all the ratings from CreditWatch with negative implications. The negative outlook reflects a one-in-three possibility that economic risks faced by Thai banks will materially increase or we could lower the ratings on KBank or KTB on asset-quality issues over the next two years. Thai banks are more vulnerable to the brunt of COVID-19 than many

  
Brief Excerpt:

...October 20, 2021 - Our ratings on KASIKORNBANK PCL (KBank) and Krung Thai Bank Public Co. Ltd. (KTB) remain supported by their healthy capital and liquidity despite elevated pressures on asset quality. - On Oct. 20, 2021, we affirmed our '###+/A-2' issuer credit ratings on KBank and '###/A-2' issuer credit ratings on KTB. We also affirmed the issue ratings on the banks' outstanding debt. At the same time, we removed all the ratings from CreditWatch with negative implications. - The negative outlook reflects a one-in-three possibility that economic risks faced by Thai banks will materially increase or we could lower the ratings on KBank or KTB on asset-quality issues over the next two years. - Thai banks are more vulnerable to the brunt of COVID-19 than many Asian peers, given the country's reliance on tourism, structural weaknesses in the small and midsize enterprise (SME) sector, and high household and corporate leverage....

  
Report Type:

Ratings Action

Ticker
TFB@TB
Issuer
KASIKORNBANK PCL
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Thailand
Region
Emerging Markets
Format:
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KASIKORNBANK PCL – 2021/11/09 – US$ 500.00

KASIKORNBANK PCL – 2022/11/21 – US$ 500.00

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KASIKORNBANK PCL – 2019/12/23 – US$ 500.00

KASIKORNBANK PCL – 2018/12/27 – US$ 500.00

Summary: KASIKORNBANK PCL – 2018/12/27 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "KBank And Krung Thai Bank Ratings Affirmed, Off Watch Negative On Adequate Capital And Stable Funding; Outlook Negative" Oct 20, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/KBank-And-Krung-Thai-Bank-Ratings-Affirmed-Off-Watch-Negative-On-Adequate-Capital-And-Stable-Funding-Outlook-Negative-2740684>
  
APA:
S&P Global Ratings’ Credit Research. (). KBank And Krung Thai Bank Ratings Affirmed, Off Watch Negative On Adequate Capital And Stable Funding; Outlook Negative Oct 20, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/KBank-And-Krung-Thai-Bank-Ratings-Affirmed-Off-Watch-Negative-On-Adequate-Capital-And-Stable-Funding-Outlook-Negative-2740684>
  
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