Likelihood of government support due to the bank's high systemic importance. Strong franchise as the third-largest commercial bank in Thailand. Evolving risk management practices. Moderate capitalization. The stable outlook on Krung Thai Bank Public Co. Ltd. (KTB) reflects our expectation that that the bank's asset quality will remain stable over the next 12-18 months. We also expect the bank to maintain its high systemic importance in Thailand. We could lower the rating in the next 12-18 months if the bank's asset quality deteriorates. We could upgrade KTB if the bank narrows the gap with peers in terms of revenue diversity and profitability. Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 General Criteria: Methodology For Linking
