Komerční Banka ’s Ratings Affirmed

Ref: CZ00 4 20 CRA00-01 5 November 2021

Komerční Banka ’s Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term Foreign Currency Rating (L T FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of Komerční Banka (KB) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed KB ’s B ank Standalone Rating (B SR ) of ‘a-’ and C ore F inancial S trength (CFS) rating of ‘a-’. The Outlook for the LT FCR and BSR remains Stable.

KB’s BSR is derived from a CFS rating of ‘a-’, which reflects the Bank’s very strong intrinsic financial, operation al and business strength, and the O perating Environment Risk Anchor (O PERA ) of ‘a-’ (indicating low risk). The latter reflects the economy’s high competitiveness, low net external indebtedness and high monetary policy flexibility. It also considers…