TRIS Rating affirms the company rating on Kiatnakin Phatra Securities PLC (KKPS) at “A” with a “stable” outlook. The rating primarily reflects the company’s status as a core subsidiary of Kiatnakin Phatra Capital PLC (KKP CAPITAL), which in turn is a core entity under Kiatnakin Phatra Bank PLC (KKP, rated “A/Stable”). The rating on KKPS is equivalent to the company rating on KKP.