On April 28, 2006, Standard&Poor's Ratings Services raised its long-term counterparty credit rating on Thailand's Krung Thai Bank Public Co. Ltd. (KTB) to 'BBB/A-2' from 'BBB-/A-3'. The outlook is stable. At the same time, the Bank Fundamental Strength Rating on the bank has been raised to 'C' from 'D+' and the rating on its US$150 million floating-rate CDs to 'BBB' from 'BBB-'. The rating upgrade reflects KTB's sustained improvement to its stand-alone financial profile, in part as a result of prudent measures undertaken by the bank and its more realistic growth strategies adopted. The measures undertaken have been to revamp the bank's risk management structure with greater focus on key areas, such as credit, market, operational, further improvements
