BANKING - JAKARTA. KB Bank (BBKP) has successfully maintained its AAA rating from PT Fitch Ratings Indonesia (Fitch) with a stable outlook. The AAA rating is the highest rating for issuers and bonds with the lowest default risk.
This achievement also reflects the financial stability of KB Bank (BBKP) and its commitment to sustainable business practices.
"The AAA rating of KB Bank given by Fitch as an independent party, is an appreciation of the commitment to efforts to improve fundamentals and become a trusted banking institution in Indonesia," revealed KB Bank Deputy Director, Robby Mondong in an official statement, Thursday (18/4).
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The Fitch rating process is based on factual information from various credible and verified sources. Fitch's rating updates are also made for various KB Bank financial instruments that have been previously issued, namely:
- Long-Term National Rating at 'AAA(idn)'; Stable Outlook
- Long-Term National Rating 'AAA(idn)' for PT Bank KB Bukopin Tbk's Continuous Bond Program I with a maximum amount of Rp2 trillion
- Long-Term National Rating 'AAA(idn)' for PT Bank KB Bukopin Tbk's Continuous Bond I Phase I Year 2021 with an amount of Rp1 trillion.
- Long-Term National Rating 'AA(idn)' for PT Bank KB Bukopin Tbk's Continuous Subordinated Bond Program III with a maximum amount of Rp2 trillion
- Long-Term National Rating 'AA(idn)' for PT Bank KB Bukopin Tbk's Continuous Subordinated Bond III Phase I Year 2021 Series A with an amount of Rp 315 billion.
- Long-Term National Rating 'AA(idn)' for PT Bank KB Bukopin Tbk's Continuous Subordinated Bond III Phase I Year 2021 Series B with an amount of Rp 685 billion.
"With the maintenance of KB Bank's national rating by Fitch, it further strengthens our commitment to providing reliable and innovative banking services according to the needs of our customers," concluded Robby.
