Fitch Ratings has affirmed the National Long-Term Rating of Kasikorn Securities Public Company Limited (KS) at ‘AA(tha)’ with a Stable Outlook, according to a recent announcement.
The rating, which also includes a National Short-Term Rating of ‘F1+(tha)’’, reflects Fitch’s expectation of extraordinary support from KASIKORNBANK Public Company Limited (KBank), KS’s parent company. Fitch views KS as a strategically important subsidiary of KBank.
Fitch Ratings (Thailand) initially affirmed the ratings on February 20, 2025, a confirmation that has been reported by multiple sources including the Thai BMA. A previous affirmation occurred on February 27, 2024, maintaining the same ratings and outlook. Another affirmation was reported on March 16, 2022.
KBank itself holds credit ratings from various agencies, as detailed on its investor relations website, though specific ratings were not provided in available sources.
The ratings agency stated that the support-driven ratings are based on its assessment of KS’s relationship with its parent company. Fitch expects KBank to provide support to KS if needed.
