Raiffeisen Bank International AG

This report does not constitute a rating action. Note: The scores relate to the group credit profile of Raiffeisen Banking Group (RBG) Austria. We do not assess the SACP of Raiffeisen Bank International AG. ALAC--Additional loss-absorbing capacity. CRA--Comparable ratings analysis. GRE--Government-related entity. ICR--Issuer credit rating. SACP--Stand-alone credit profile. Overview Key strengths Key risks Core member of the Raiffeisen Banking Group (RBG) and its institutional protection scheme. RBG's financial transparency and adaptability to market changes appears weaker than many of its main peers due to its complex, decentralized structure. Strong market positions in Austria, Central and Eastern Europe (CEE), and Southeastern Europe (SEE). Competitive Austrian market and less efficient domestic operations with elevated nonperforming assets. Superior funding and liquidity profile underpinned

...We expect Raiffeisen Bank International (RBI) will remain core to RBG's strategy and be supported under all foreseeable circumstances. Our rating on RBI reflects not only the creditworthiness of RBI itself but also the benefits to RBI of being part of a stronger, broader banking group, RBG, which we assess through consolidated data. The group's aggregate...

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