Ceskoslovenska obchodni banka – BSR Outlook Revised to Negative; All Other Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Bank Standalone Rating (BSR) of Československá obchodní banka (ČSOB) to Negative, from Stable, while affirming the BSR at 'a'. The Bank's Extraordinary Support Level (ESL) has also been revised to High, from Moderate. At the same time, CI Ratings has affirmed ČSOB's Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of 'A' and 'A1', respectively; the LT FCR Outlook remains Stable. The Bank's Core Financial Strength (CFS) rating of 'a' has also been affirmed.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Czech Republic, Ceskoslovenska obchodni banka)
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