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S&P Keeps Rating for Erste Group and RZB
After the downgrade of Austrian sovereign bonds two weeks ago, the U.S. rating agency remains its ratings for the two largest domestic banks.
S&P Keeps Rating for Erste Group and RZB / Picture: © Flickr / Ryan H
Standard & Poor's said today that it had affirmed the 'A' long-term and 'A-1' short-term counterparty credit ratings on Erste Group Bank AG and its subsidiary Ceska Sporitelna A.S., Raiffeisen Zentralbank Oesterreich AG and its subsidiary Raiffeisen Bank International AG, as well as on KA Finanz AG.
“We removed the ratings from CreditWatch with negative implications, where…
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