Komerční Banka ’s Ratings Affirmed

Ref: CZ00 4 2 1 CRA00- 0 1 4 November 202 2

Komerční Banka ’s Ratings Affirmed

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 Komerční Banka (KB) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed KB’s Bank Standalone Rating (BSR ) of ‘a-’ and Core Financial Strength (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, operational and business strength, and an Operating Environment Risk Anchor (OPERA) of ‘a-’ (indicating low risk). OPERA reflects the economy’s high competitiveness, low net external indebtedness, and strong monetary policy flexibility. The Czech economy is…