...Standalone Strength, Parental Support: The Issuer Default Ratings (IDRs) of Ceska and Komercni are driven by their standalone strength, as reflected in their Viability Ratings (VRs). Komercni's IDRs and Support Rating are also underpinned by potential support from Societe Generale S.A. (SocGen; A/Stable/a). Slovenska's IDRs and Support Rating are support-driven and equalised with Erste Group Bank AG (A-/Stable/a-). Erste owns 99% of Ceska and 100% of Slovenska, while SocGen has a 60% stake in Komercni. Stable Outlooks: The Stable Outlooks on the three banks reflect broadly balanced risks related to their profiles (Ceska and Komercni) and that of their parents (Komercni and Slovenska). Robust Standalone Profiles: The banks' VRs reflect their conservative risk appetite, strong capitalisation, stable funding based on customer deposits and ample liquidity. Healthy asset quality and solid through-the-cycle profitability are underpinned by established domestic franchises, consistent strategies...
