Kommunalkredit Austria AG has demonstrated superior business and earnings resilience to very difficult operating conditions since the outbreak of the COVID-19 pandemic. We anticipate that Kommunalkredit will continue to attract new business at attractive risk-adjusted margins, particularly in the sustainable finance-related areas of green energy or social infrastructure. We are assigning our 'BBB-/A-3' long- and short-term issuer credit ratings to Kommunalkredit. The stable outlook reflects our expectation that Kommunalkredit will continue to report strong profits and a high degree of business resilience to the pandemic-induced adverse economic environment over the next 24 months. On Feb. 24, 2021, S&P Global Ratings assigned its 'BBB-/A-3' long- and short-term issuer credit ratings on Austria-based Kommunalkredit Austria AG. The outlook is stable. Our ratings
