Československá obchodní banka’s Ratings Affirmed with a Stable Outlook
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Ref: CZ00 2 19 CRA00-01 6 November 2020
Československá obchodní banka’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 Československá obchodn í 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 the Bank’s sound capital adequacy, the historically superior earnings strength and its strong liquidity profile . Another supporting factor for the ratings is long-term focused and supportive KBC Group (KBC) ownership .
ČS OB ’s…