Československá obchodní banka – BSR Outlook Revised to Negative; All Other Ratings Affirmed
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Summary
Ref: CZ00 2 2 2 CRA00- 0 1 8 November 2023
Československá obchodní banka – BSR Outlook Revised to Negative; All Other Ratings Affirmed
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Bank Standalone Rating ( BSR ) of Československá obchodní banka (ČSOB) to Negative, from Stable, while affirming the BSR at ‘a’. The Bank’s Extraordinary Support Level ( ESL ) has also been revised to High, from Moderate. At the same time, CI Ratings has affirmed ČSOB’s Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of ‘A’ and ‘A1’, respectively; the LT FCR Outlook remains Stable. The Bank’s Core Financial Strength ( CFS ) rating of ‘a’ has also been affirmed.
The revision of the BSR Outlook reflects the downward trajectory of the Bank’s nominal equity and Basel III leverage…