TRIS Rating affirms the company rating on KGI Securities (Thailand) PLC (KGI Thailand) at “A” with a “stable” outlook. The company rating incorporates a one-notch uplift from KGI Thailand’s stand-alone credit profile (SACP) assessed at “a-”. The enhancement is based on our assessment of KGI Thailand’s group status as a “strategic” affiliate of KGI Securities Co., Ltd. in Taiwan (KGI Taiwan, rated “BBB+/Stable” by S&P Global Ratings)