HONG KONG, April 18 (Bernama-BUSINESS WIRE) -- A.M. Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of KB Insurance Co., Ltd. (KB Insurance) (South Korea).
The Credit Rating (rating) action follows KB Financial Group Inc.'s (KB Group) announcement on April 17, 2017, that it will acquire 60.19% of the outstanding shares of KB Insurance. The KB Group currently owns 39.81% of KB Insurance's shares. The under review with positive implications status reflects the potential financial and operational benefits that KB Insurance could derive from being a member of the larger and more diverse KB Group.
The Credit Rating (rating) action follows KB Financial Group Inc.'s (KB Group) announcement on April 17, 2017, that it will acquire 60.19% of the outstanding shares of KB Insurance. The KB Group currently owns 39.81% of KB Insurance's shares. The under review with positive implications status reflects the potential financial and operational benefits that KB Insurance could derive from being a member of the larger and more diverse KB Group.
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