Research Update: Hungary-Based K&H Bank 'BBB-pi' Unsolicited Long-Term Rating Affirmed On Bank Criteria Change Dec 11
- ID: 2031557
- December 2011
- Standard & Poors
Following a review under Standard & Poor's revised bank criteria (published Nov. 9, 2011), we have affirmed the unsolicited long-term 'BBB-pi' (public information) rating on Hungary-based K&H Bank. Our rating on K&H Bank factors in a 'bb' anchor for commercial banks operating in Hungary, as well as our opinion that K&H Bank's business position, capital and earnings, risk position, funding, and liquidity are all neutral for the rating. The rating benefits from some uplift, because we consider K&H Bank to be a strategically important subsidiary of Belgium-based KBC Bank N.V., as our criteria define this term. As previously announced on Dec. 13, 2011, Standard & Poor's Ratings Services has affirmed its unsolicited long-term 'BBB-pi' (public information) rating on Hungary-based K&H...
Companies mentioned in this report are: K&H Bank (Unsolicited Ratings),Kredyt Bank S.A. (Unsolicited Ratings)
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Product Type: Research Update
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