We raised the ratings on Erste Group Bank AG to A/Positive/A-1 on Oct. 30, 2017. We view Ceska sporitelna as a core subsidiary of Erste. We are therefore revising our outlook on Ceska sporitelna to positive from negative and affirming our 'A/A-1' ratings on the bank. We would likely raise the ratings on Ceska sporitelna over the next 24 months if we upgraded the parent bank. On Nov. 23, 2017, S&P Global Ratings revised its outlook on Czech Republic-based Ceska sporitelna (Ceska) to positive from negative. At the same time, we affirmed our 'A/A-1' long- and short-term issuer credit ratings on Ceska. The revision of our outlook on Ceska follows our upgrade of parent bank Erste Group Bank AG (Erste;
