The ratings continue to reflect the core strategic importance
KEY RATING DRIVERS The Outlook revision follows a similar rating action on KBC Group (IDR: A /Positive; see “Fitch Affirms KBC Bank’s ‘A ‘ IDR; Revises Outlook to Positive”, published on 14 April 2016). The ratings continue to reflect the core strategic importance of KBC Insurance within KBC Group, given the latter’s integrated bancassurance business model. KBC Insurance relies on KBC Group for its roles, business position and strategic direction.
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