Global economic conditions are currently being hit by various uncertainties affecting companies from various industries, including the financing industry sector. However, in the midst of these conditions, PT KB Finansia Multi Finance (“KBFMF”) consistently succeeded in maintaining the National Long-Term Rating of 'AAA(idn)' with the stable outlook and the National Long-Term Rating of 'AAA(idn)' for KB Finansia Multi Finance Bonds I Year 2022 and KB Finansia Multi Finance Bonds II Year 2023.
The National Rating 'AAA(idn)' indicates the highest rating assigned by Fitch Ratings in the National Rating scale for the country. This rating is given to issuers or bonds with the lowest expected risk of default compared to all other issuers or bonds in the same country or monetary union.
The rating also reflects the credit profile rating of its parent, KB Kookmin Card Co., Ltd. (KBC) as well as extraordinary support from KBC and the main parent KB Financial Group Inc. (KBFG) against KBFMF. KBFMF has made a positive contribution to KBFG as part of the group since it was acquired by KBC in 2020. KBFMF also supports the group's strategy to expand into Indonesia and continues to increase synergies between other group subsidiaries in Indonesia.
With the stable National Long-Term Rating and KBFMF Bonds, KBFMF hopes to continue to grow, diversify the KBFMF’s funding sources, and be able to channel financing to consumers at increasingly competitive interest rates.
