K&H Bank’s Ratings Affirmed with a Stable Outlook

K&H Bank’s Ratings Affirmed with a Stable O utlook

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 af firmed K&H’s Bank Standalone Rating ( BSR ) of ‘bbb-’. The Outlook for the LT FCR and BSR remains Stable.

K&H’s BSR is derived from a CFS rating of ‘bbb-’ (affirmed) , reflecting the Bank’s intrinsic financial, operational and business strength, and an Operating Environment Risk Anchor ( OPERA) of ‘bbb-’ (indicating modest risk) . Despite the threat on the economy imposed by Covid-19, growth opportunities for domestic banks remain favourable in the medium – to long- term, reflecting low loan penetration levels together with government in itiatives to boost…