Moody’s changes three Czech banks to positive

Moody's Investors Service said it affirmed A2 long-term and Prime 1 short-term local and foreign currency deposit ratings of Ceska Sporitelna, AS, Ceskoslovenska Obchodni Banka, AS and Komercni Banka AS.

The outlook on the long-term deposit ratings was changed to positive from stable.

The action was prompted by the April 20 affirmation of the Government of Czech Republic's bond rating at A1 and the change of outlook to positive from stable.

All other ratings and rating inputs of the three banks are unaffected.

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