On 9 July 2014 the rating agency Fitch Ratings affirmed the long-term IDR of Nova KBM at “BB-“ and short term IDR at “B”. The outlook is negative. The Viability Rating was upgraded to 'b' from 'b-' and removed from Rating Watch Positive. Other ratings were also affirmed, i.e. Support Rating at “3” and Support Rating Floor at “BB-“.
The affirmation of the Support Rating and Support Rating Floor reflects the bank's full state ownership, systemic importance and the current restructuring in accordance with state aid procedures.
The upgrade of NKBM's Viability Rating by one notch reflects the bank's improved capitalisation.
Management Board of Nova KBM d.d.
