 Rating Action: Moodys affirms KB Financial Groups ratings on planned acquisition of Prudential Life Insurance Company of Korea, Ltd. Hong Kong, April 28, 2020 -- Moodys Investors Service has affirmed the A1 long-term foreign currency issuer rating with a stable outlook, and Prime-1 short-term foreign currency issuer rating of KB Financial Group Inc. KB FG. On 10 April 2020, KB FG entered into a purchase and sale agreement to wholly acquire Prudential Life Insurance Company of Korea, Ltd. Prudential Life Korea from Prudential Financial, Inc. A3 stable for a total cash consideration KRW2.3 trillion 1.9 billion. 