Creditreform Rating has affirmed the Erste Group Bank AG Long-Term Issuer Rating at 'A'. The outlook is set to 'positive'. The rating of 'Tier 2' capital is affirmed at 'BBB'. The rating of 'Non-Preferred Senior Unsecured' is affirmed at 'A-'. The rating of 'Preferred-Senior Unsecured' debt is affirmed at 'A'. In addition, Creditreform has affirmed the rating of the debt class Additional Tier 1 at 'BBB-'. For further information, please refer to our Rating Update on our website.
Creditreform Rating has upgraded the long-term issuer rating of Erste Group Bank AG from A- to A. The outlook is stable. In addition, Creditreform Rating raised the rating of preferred senior unsecured debt from A- to A, the rating of non-preferred senior unsecured debt from BBB+ to A-, the rating of Tier 2 capital from BBB- to BBB and the rating of additional Tier 1 capital from BB+ to BBB-.
Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology Institutional Protection Scheme Banks. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
Creditreform Rating has lowered the long-term issuer rating of Erste Group Bank AG from A to A-. The outlook is stable. In addition, Creditreform Rating lowered the rating of Preferred Senior Unsecured debt from A to A-, the rating of Non-Preferred Senior Unsecured debt from A- to BBB+, the rating of Tier 2 capital from BBB to BBB- and the rating of Additional Tier 1 capital from BBB- to BB+.
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has raised the rating of Erste Group Bank AG from A- to A. The outlook is stable. In addition, Creditreform Rating has raised the rating of Additional Tier 1 capital from BB+ to BBB- and the rating of Tier 2 capital from BBB- to BBB. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was raised from A- to A. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to A-.