Fitch Keeps KBC Group's Rating With Stable Outlook on Solid Business Profile
Fitch maintained KBC Group's (KBC.BR) long-term issuer default rating at A, with a stable outlook in a Monday report. The rating decision was underpinned by the strength of the Belgian insurer's banking and insurance franchises in Belgium and the Czech Republic, which power its diversified earnings and funding profile. The rating agency also took into account KBC's strong internal capital generation and sufficient risk management in the less developed and more volatile markets of central and eastern Europe. Moving ahead, Fitch expects KBC to contain its credit losses and maintain asset quality, which is viewed as a rating weakness.
Fitch maintained KBC Group's (KBC.BR) long-term issuer default rating at A, with a stable outlook in a Monday report.
The rating decision was underpinned by the strength of the Belgian insurer's banking and insurance franchises in Belgium and the Czech Republic, which power its diversified earnings and funding profile.
The rating agency also took into account KBC's strong internal capital generation and sufficient risk management in the less developed and more volatile markets of central and eastern Europe.
Moving ahead, Fitch expects KBC to contain its credit losses and maintain asset quality, which is viewed as a rating weakness.