Fitch revises Komercni view to stable

Fitch Rating said it revised Komercni Banka, as’ outlook to stable from negative and affirmed the issuer rating at A.

“The revision of the outlook mainly reflects our view that risks to the Czech operating environment from the economic effects of the pandemic have moderated and the ongoing economic recovery is limiting downside risk to banks' credit profiles. Additionally, the monetary policy tightening that began in June 2021 with the Czech National Bank (CNB) raising interest rates to 1.5% by October 2021 from a trough of 0.25% will support banking sector profitability,” Fitch said in a press release.

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