DBRS on Oct. 3 revised the trend on all ratings of Kommunalkredit Austria AG to positive from stable, reflecting the continued development of the bank's franchise in infrastructure lending, its stable capital levels and solid core profitability.
The agency confirmed the Austrian bank's BBB(low)/R-2(middle) long- and short-term issuer and deposit ratings, BBB(low) long-term senior debt rating and R-2(middle) short-term debt rating.
The bank's intrinsic assessment is BBB(low), while its support assessment remains at SA3, according to the DBRS report.
