Leading rating agencies affirm ratings of Komerční banka
Two of the three leading global rating agencies updated last week their credit rating opinions on Komerční banka. On 3 December, Standard & Poor's affirmed its long-term rating of Komerční banka at A+ with a Stable outlook. This rating is one notch above the foreign currency rating on the Czech Republic (A, with Stable outlook). Next day, Moody's confirmed local currency rating of KB at Aa3 and foreign currency rating at A1. According to Moody's methodology, foreign currency rating is constrained by the rating of the Czech Republic, currently at A1. Both foreign currency ratings of Komerční banka and the Czech Republic have a positive outlook.