Fitch rates KGI Securities

Fitch Ratings said it assigned ratings to KGI Securities Corp., including international long-term BBB, national long-term A+(twn), international short-term F3, national short-term F1(twn), individual C and support 5. The outlook is stable.

Fitch said the ratings reflect KGI's diversified business portfolio, solid risk management framework, stable profitability and satisfactory balance sheet strengths.

The ratings also incorporate the company's comparative disadvantages in retail franchise and access to forex funding versus larger commercial banks, according to Fitch.

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