Fitch upgraded Komercni banka's (KB) individual rating to C/D from D and affirmed the bank's LT and ST credit ratings at A-/F2 yesterday; the outlook remains stable. The upgrade reflects KB’s improved risk-management systems, the satisfactory levels of provisions for non-performing assets, and the adequate, but not strong, capitalization. The rating also reflects KB's successful cost cutting, which should drive improvement in its profitability. Positive.
Jan Hájek