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S&P changes KBC Bank view
S&P said it revised the outlooks on KBC Bank NV and Ceskoslovenska Obchodni Banka AS to positive from stable.
The agency also affirmed the long- and short-term issuer credit ratings on the two banks at A/A-1.
Additionally, S&P affirmed the ratings on KBC Group NV at BBB+/A-. The outlook remains stable.
“The outlook revision on KBC Bank and CSOB reflects the gradual build-up of an additional loss-absorption capacity buffer, mainly at the holding entity, KBC Group,” S&P said in a news release.
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