The counterparty credit rating on Krung Thai Bank Public Co. Ltd. (KTB) reflects the bank's strong franchise as Thailand's second-largest commercial bank and the implicit support from its ultimate majority owner, the government of Thailand (foreign currency BBB+/Negative/A-2; local currency A/Negative/A-1). The rating on KTB is also underpinned by its adequate business and financial profiles. KTB plays a key role in the Thai economy by providing credit to important economic sectors and acting as the payment-processing agent for the government and state-owned agencies. Due to its state-owned status, KTB has a significant market share of domestic deposits, giving it access to a large pool of relatively cheap retail funds. Its current and savings accounts as a percentage of total deposits
