Moody's affirms Komercni Bank

Following application of its joint default analysis methodology and its updated bank financial strength rating methodology to its bank ratings in France, Moody's said it published bank rating results for subsidiaries of those banks located in Czech Republic.

Komercni Banka AS is a subsidiary of Societe Generale. With the implementation of the new methodologies for banks in France and the Czech Republic, Moody's said it incorporated parental support from the parent bank, along with any other support elements.

The bank financial strength rating of Komercni Banka has been affirmed at C. Moody's said it assigned the long-term local-currency deposits at Aa3 and affirmed the long-term foreign-currency deposits at A1 with a positive outlook and short-term foreign-currency deposits at prime-1.

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