Moody’s changes Czech Export Bank to positive

Moody's Investors Service said it affirmed Ceska exportni banka, as' (Czech Export Bank) A1 long-term issuer and backed senior unsecured ratings and Prime-1 short-term issuer rating.

The agency also affirmed the bank’s provisional A1 foreign-currency backed senior unsecured rating of the medium-term note program and the Prime-1 short-term foreign-currency rating assigned to its backed commercial paper program.

The outlook was changed to positive from stable.

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

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