OREANDA-NEWS. Fitch Ratings has today assigned a final rating of 'BBB+' to KASIKORNBANK Public Company Limited's (KBank; BBB+/Stable) USD400m 5.5-year senior unsecured notes due in April 2022. The notes are issued under KBank's USD2.5bn Euro Medium-Term Notes (EMTN) programme. The EMTN programme was affirmed at 'BBB+' on 17 May 2016.

The rating action follows the completion of the note issue, as well as the receipt of final documents conforming to information already received. The final rating is the same as the expected rating assigned on 29 September 2016.

KEY RATING DRIVERS

The senior notes are rated at the same level as KBank's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB+' as they represent unsecured and unsubordinated obligations of the bank.

RATING SENSITIVITIES

The rating of the senior unsecured notes would be directly impacted by any changes in KBank's Long-Term Foreign-Currency IDR.

For further details on KBank's key rating drivers and rating sensitivities, refer to the rating action commentary "Fitch Affirms Thailand's Four Largest Commercial Banks" dated 17 May 2016 and available at www. fitchratings. com.

The other ratings of KBank are unaffected by this rating actions are as follows:

Long-Term Foreign-Currency IDR: 'BBB+'; Outlook Stable

Short-Term Foreign-Currency IDR: 'F2'

Viability Rating: 'bbb+'

Support Rating: '2'

Support Rating Floor: 'BBB-'

National Long-Term Rating: 'AA+(tha)'; Outlook Stable

National Short-Term Rating: 'F1+(tha)'

Senior unsecured USD2.5bn Euro Medium-Term Note programme: 'BBB+'

Long-term foreign currency senior unsecured debt: 'BBB+'

National long-term subordinated debt rating: 'AA(tha)'