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Fitch Assigns Korea Investment & Securities Long-term Credit Rating of BBB

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Fitch Ratings assigned Korea Investment (KRX:071050) subsidiary Korea Investment & Securities a long-term credit rating of BBB with a stable outlook, according to a commentary released Wednesday.

The stable outlook reflects the rating agency's expectation that the brokerage, wealth management, proprietary trading, and investment banking services provider will maintain a balance sheet and financial profile in accordance with its current rating over the next one to two years.

Fitch Ratings will continue to monitor Korea Investment & Securities' evolving business model and risk profile, the release said.

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