KB Kookmin Card's Thai Subsidiary 'KB J Capital' Achieves First Credit Rating of A-

Laying the Foundation for Diversifying Funding Sources

[Asia Economy Reporter Yoo Je-hoon] KB Kookmin Card announced on the 7th that its Thai subsidiary 'KB J Capital,' acquired last year, has obtained an A- credit rating in Thailand for the first time since the company's establishment.

This A- credit rating was received in February this year through 'TRIS Rating,' the leading credit rating agency in Thailand with shares held by global credit rating institutions. With this top-tier industry credit rating, KB J Capital has laid the foundation for diversifying funding sources and issuing stable, low-interest corporate bonds in addition to existing financing through payment guarantees.

Since its initial entry, KB Kookmin Card has focused on strengthening its business foundation by reducing financing costs through headquarters' payment guarantees and restructuring its portfolio centered on high-quality assets, while also concentrating on establishing an efficient sales system including sales infrastructure. The company evaluates that obtaining this credit rating has also provided a stepping stone to enhance market credibility and improve profitability and soundness independently.

KB Kookmin Card stated, "This credit rating achievement is the result of establishing a stable business foundation through the headquarters' active and swift support after acquiring shares and promptly conducting the credit rating evaluation since the end of last year." It added, "We plan to continue strategic support so that the Thai subsidiary grows into the top local specialized credit finance company."

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