UniCredit CS – Ratings Affirmed with a Stable Outlook
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Summary
Ref: CZ006 20 CRA00-1 2 November 202 1
UniCredit CS – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term Foreign Currency Rating (L T FCR ) and S hort-Term Foreign Currency Rating (S T FCR ) of UniCredit Bank Czech Republic and Slovakia (UniCredit CS) at ‘BBB+’ and ‘A2’, respectively. At the same time, CI R atings has affirmed UniCredit CS’ Bank Standalone Rating (B SR ) of ‘bbb+’ and C ore F inancial Strength (CF S ) rating of ‘bbb ’. The Outlook on the LT FCR and BSR remains Stable.
The affirmation of the LT FCR and ST FCR is underpinned by the Bank’s strong capital ratios, improved operating efficiency and lower costs of funds than its peers, efficient liquidity management with limited reliance on wholesale funds , and rigorous risk management .
The BSR is derived from a CFS…