K&H Bank – Ratings Affirmed ; O utlook Remains Negative
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Ref: HU0042 4PBK 00- 0 1 2 October 202 4
K&H Bank – Ratings Affirmed ; O utlook Remains Negative
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 Kereskedelmi es Hitelbank (K&H) at ‘BBB’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed K&H’s Bank Standalone Rating (BSR) of ‘bbb-’, Core Financial Strength (CFS) rating of ‘bbb-’ , and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Negative and is align ed with CI’s internal assessment of sovereign credit risk for Hungary .
The Bank ’ s LT FCR is positioned one notch above its BSR, reflecting a moderate likelihood of extraordinary support in the event of a need. K&H is recognized as a strategically significant subsidiary of KBC Bank N.V. (KBC),…