Československá obchodní banka’s Ratings Affirmed
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Ref: CZ00 2 2 1 CRA00-1 8 November 20 2 2
Československá obchodní banka’s Ratings Affirmed
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Československá obchodní banka (ČSOB) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed ČSOB’s Bank Standalone Rating (BSR) of ‘a’ and Core Financial Strength (CFS) rating of ‘a’. The Outlook for the LT FCR and BSR is Stable.
The affirmation of the ratings is primarily supported by ČSOB’s strong franchise and accompanying business strength, best operating profitability among peers , good asset quality and strong liquidity profile. Another supporting factor for the ratings is the Bank’s long-term focused and supportive ownership by the KBC Group (KBC). Our assessment…