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Moody's: Krung view stable
Moody's Investors Service said it affirmed Krung Thai Bank PCL's P-2 short-term debt rating and revised the outlook to stable from negative. The bank's foreign-currency hybrid issue was affirmed at B2 and also carries a stable outlook.
The outlook change reflects the bank's improved asset quality, better coverage of non-performing loans and higher capital levels, including a significantly improved tier 1 ratio of 10.17%.
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