Česká Spořitelna ’s Ratings Affirmed with a Stable Outlook
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Ref: CZ00 1 19 CRA00-01 6 November 2020
Česká Spořitelna ’s Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong- T erm F oreign C urrency R ating (LT FCR) and S hort- T erm F oreign C urrency R ating (ST FCR) of Česká Spořitelna (ČS) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed the Bank’s B ank S tandalone R ating (BSR) of ‘a-’ and C ore Financial S trength (CFS) rating of ‘a-’. The Outlook for the ratings remains Stable.
ČS’s BSR is derived from a CFS rating of ‘a-’, which reflect s the Bank’s very strong intrinsic financial, operational and business strength, and an Operating Environment Risk Anchor ( OPERA ) of ‘a-’ (indicating low risk). Despite the threat to the economy due to Covid-19, growth opportunities for domestic banks…