Credit Notice: S&P To Assess The Credit Impact Of Its Upgrade Of The Czech Republic On Czech Export Bank Aug 11
Standard & Poors, August 2011
Abstract
LONDON (Standard & Poor's) Aug. 24, 2011--Standard & Poor's Ratings Services today raised its long-term foreign sovereign credit rating on the Czech Republic to 'AA-' from 'A'. We also raised the long-term local currency rating to 'AA' from 'A+' and the short-term foreign and local currency ratings to 'A-1+'. The outlook is stable (see "Czech Republic Ratings Raised Following Sovereign Criteria Change; Outlook Stable," published today on RatingsDirect on the Global Credit Portal). Standard & Poor's Ratings Services believes that this could have a positive impact on Czech Export Bank's creditworthiness. We expect to publish a more detailed analysis of any impact on the credit rating on Czech Export Bank as soon as permitted to do so under applicable EU...
Companies mentioned in this report are: Czech Export Bank
Action: Credit Notice
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Czech Export Bank
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