KB Capital Obtains Moody's International Credit Rating 'A3'

Highest Rating Among Domestic Capital Companies
Enhancing Fundraising Competitiveness and Strengthening Support Capabilities for Overseas Subsidiaries

[Asia Economy Reporter Ki Ha-young] KB Capital announced on the 4th that it received an international credit rating of A3 from Moody's, one of the world's top three international credit rating agencies. This is the highest international credit rating ever obtained by a domestic capital company.

Moody's evaluated KB Capital as a core subsidiary of KB Financial Group and forecasted that it will maintain a solid market position in the domestic specialized credit finance market.

KB Capital became part of KB Financial Group in 2014. Since then, based on support from KB Financial Group Holdings through efforts such as becoming a wholly owned subsidiary, capital increases, and acquisition of hybrid capital securities, it has expanded its market dominance in the auto finance sector through partnerships with Jaguar Land Rover, establishment of SY Auto Capital, and launching Korea's largest used car listing platform 'KB Chachacha'.

With this international credit rating acquisition, KB Capital is expected to gain momentum in expanding its market presence in line with the group's Southeast Asia expansion strategy and support for local subsidiaries in Laos (KB Korao Leasing) and Indonesia (Sun Indonesian Best Finance).

A KB Capital official said, "Despite the challenging market conditions caused by the novel coronavirus disease (COVID-19), we are successfully diversifying overseas funding sources through strategic collaboration with the holding company," adding, "With this credit rating acquisition, we expect not only stable funding but also increased internal and external trust and enhanced brand value for KB Capital."

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