Fitch affirms ratings of three Czech lenders .

By bne IntelliNews October 8, 2012
Fitch Ratings affirmed on October 5, 2012 the ratings of the Czech Republics three largest banks Ceska Sporitelna (CS), Komercni Banka (KB) and Ceskoslovenska Obchodni Banka (CSOB), the rating agency said in a statement. The Long-term Issuer Default Ratings (IDS) of CS and KB were affirmed at A and of CSOB at BBB+. The outlook on CS and CSOB is stable and negative on KB. The agency has also affirmed the banks' Viability Ratings (VRs) at 'bbb+'. CS's and KB's IDRs and Support ratings are driven by potential support from their parent banks - Erste Group Bank AG and Societe Generale. CSOB's IDRs are driven by its VR, but also underpinned at the 'BBB+' level by potential shareholder support. CSOB is a unit of Belgiums KBC.

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