Fitch affirms Ceska, Komercni, Slovenska

Fitch Ratings said it affirmed the long-term issuer default ratings of Czech Republic-based Ceska Sporitelna, AS, Komercni Banka and Slovakia-based Slovenska Sporitelna at A-.

The outlooks are stable.

The agency also affirmed the viability ratings of Ceska and Komercni at a- and Slovenska at bbb+.

Fitch said the affirmation of long-term issuer default ratings of Ceska and Komercni reflects their sound fundamental credit quality and no major changes in their financial metrics over the last 12 months.

The affirmation of Slovenska's long-term issuer default rating reflects the agency’s opinion of an extremely high probability that the bank would be supported by its parent, if needed.

Erste Group Bank AG (A-/stable/a-) owns 99% of Ceska and 100% of Slovenska, while Komercni is 60% owned by Societe Generale (A/stable/a).

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