Research Update: Krung Thai Bank Outlook Revised To Positive On Strengthening Business Position; Ratings Affirmed

Krung Thai Bank Public Co. Ltd. (KTB) has shown sustained improvements in underlying profitability, underpinned by its improved risk management and oversight. We revised our outlook on the Thailand-based bank to positive from stable. At the same time, we affirmed our 'BBB-' long-term and 'A-3' short-term issuer credit ratings on KTB. The positive outlook on the long-term rating indicates a one-in-three chance that the bank can sustain its performance improvements over the next 12-24 months, amid a still-difficult operating environment. On Jan. 25, 2024, S&P Global Ratings revised its outlook on KTB to positive from stable. At the same time, we affirmed our 'BBB-' long-term and 'A-3' short-term issuer credit ratings on KTB. The positive outlook on the long-term rating

...- Krung Thai Bank Public Co. Ltd. (KTB) has shown sustained improvements in underlying profitability, underpinned by its improved risk management and oversight. - We revised our outlook on the Thailand-based bank to positive from stable. At the same time, we affirmed our '###-' long-term and 'A-3' short-term issuer credit ratings on KTB. - The positive outlook on the long-term rating indicates a one-in-three chance that the bank can sustain its performance improvements over the next 12-24 months, amid a still-difficult operating environment....

Research Update