UniCredit CS ’ Ratings Affirmed with a Stable Outlook

Ref: CZ00619 CRA00- 0 1 30 th October 2020

UniCredit CS ’ Ratings Affirmed with a Stable Outlook

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 UniCredit Bank Czech Republic and Slovakia (UniCredit CS) at ‘BBB+’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed UniCredit CS ’ Bank Standalone Rating (BSR) of ‘bbb+’ and Core Financial Strength (CFS) rating of ‘bbb’. The Outlook for the LT FCR and BSR is Stable.

T he affirmation of the FCRs is underpinned by the Bank’s strong liquidity profile due to a significant inflow of deposits in the first six months of 2020, the overall healthy asset quality combined with the full NPL coverage ratio, strong capital ratios which under pin its ability to absorb unexpected losses , …