JAKARTA – Fitch Ratings Indonesia has assigned a National Long-Term Rating of ‘AAA(idn)’ to KB Bank Syariah (KBBS) and a National Short-Term Rating of ‘F1+(idn)’. The outlook for the National Long-Term Rating is Stable.

A National Long-Term Rating of ‘AAA’ represents the highest rating awarded by the agency within the National Rating scale for a particular country. This rating is given to issuers or debt securities with the lowest expected default risk relative to all other issuers or debt securities within the same country or monetary union.

The National Short-Term Rating of ‘F1’ indicates the strongest capacity for timely payment of financial commitments relative to other issuers or bonds in the same country. Under the agency’s National Rating scale, this rating is assigned to entities with the lowest default risk in the country. If the liquidity profile is exceptionally strong, a “+” sign is added to the assigned rating.

KBBS’s National Ratings are driven by Fitch Ratings’ expectations that its parent company, KB Bank, will provide extraordinary support when needed. KB Bank holds a 95.9% stake in KBBS and is majority-owned by Kookmin Bank, one of South Korea’s largest banks. Fitch Ratings believes that KB Bank, backed by Kookmin Bank, has a strong ability to support KBBS.

"Receiving this National Rating further strengthens our commitment to continuously providing the best products and services to our customers," said KBBS President Director, Koko T. Rachmadi.

KBBS is considered a strategically important subsidiary for KB Bank, as it expands the bank’s presence in the Islamic banking sector. This aligns with Kookmin Bank and KB Financial Group (KBFG)'s broader strategy to enhance their foothold in Indonesia’s banking industry.