Creditreform Rating has lowered the long-term issuer rating of Slovenská sporitelna, a.s. from A to A-. The outlook is stable. In addition, Creditreform Rating lowered the rating of Preferred Senior Unsecured debt from A to A- and the rating of Tier 2 capital from BBB to BBB-. The rating of Non-Preferred Senior Unsecured debt and the rating of Additional Tier 1 capital have been set to not rated, since the bank has no outstanding issues of these rating classes at this moment.
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has raised the rating of Slovenská Sporitelna, a.s. from A- to A. The outlook is stable. In addition, Creditreform Rating has raised the rating of Additional Tier 1 Capital from BB+ to BBB- and the rating of Tier 2 Capital from BBB- to BBB. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was raised from A- to A. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to A-.
Creditreform Rating AG has revised its rating methodology for the rating of "Bank Capital and Unsecured Debt Instruments". Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
Creditreform Rating has set the rating of Slovenská sporitelna, a.s. to A-´, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Additional Tier 1 was set to BB+´, the rating of Tier 2 to BBB-´ and the rating of the Senior Unsecured to A-´.