Jakarta. Fitch Ratings Indonesia has kept KB Bank’s national rating at the ‘AAA’ level, thus reflecting the highest rating for issuers and bonds with the lowest risk of default. 

The rating also shows KB Bank’s financial stability and its commitment to sustainable business practices.

“An AAA rating coming from an independent body Fitch for KB Bank reflects our commitment to fundamental improvements and being a trusted banking institution in Indonesia,” KB Bank’s vice president director Robby Mondong was quoted as saying in a recent press statement.

Fitch’s rating process is based on factual information from various credible and verified sources. Fitch's rating update also applies to various financial instruments previously issued by KB Bank, namely:

• Long-term National Rating at ‘AAA(idn)’; Stable Outlook

• Long-term National Rating ‘AAA(idn)’ for PT Bank KB Bukopin Tbk Sustainable Bond Program amounting to a maximum of Rp2 trillion

• Long-term National Rating ‘AAA(idn)’ for PT Bank KB Bukopin Tbk Sustainable Bond I Series I 2021 amounting to Rp 1 trillion

• Long-term National Rating ‘AA(idn)’ for PT Bank KB Bukopin Tbk Subordinated Sustainable Bond Program III amounting to a maximum of Rp2 trillion

• Long-term National Rating ‘AA(idn)’ for PT Bank KB Bukopin Tbk Subordinated Sustainable Bond III Series I 2021 amounting to Rp315 billion

• Long-term National Rating ‘AA(idn)’ for PT Bank KB Bukopin Tbk Subordinated Sustainable Bond III Series I 2021 amounting to Rp 685 billion.

“With Fitch maintaining KB Bank’s national rating, it further strengthens our commitment to providing reliable and innovative banking services tailored to the needs of our customers,” Robby said.

Add as a preferred source on Google +