Ceska Sporitelna BSR Upgraded; Stable Outlook for All Ratings Affirmed

10 October 2025

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Ceska Sporitelna (CS or the Bank) at ‘A’ and ‘A1’, respectively. At the same time, CI has upgraded CS’s Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating to ‘a’ from ‘a-’, and has affirmed the Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable.

The upgrade of CS’s BSR to ‘a’ from ‘a-’ reflects the corresponding upgrade of its CFS rating. The LT FCR and ST FCR have been affirmed, as the Moderate ESL from the parent does not result in an uplift due to the Bank’s already strong BSR. Concurrently, the ratings do not factor in sovereign support despite CS’s systemic importance due to the implementation of the EU’s Bank Recovery and Resolution Directive (BRRD) which reduces the likelihood of…