S&P Global Ratings on Jan. 31 assigned long- and short-term counterparty credit ratings of BBB/A-2 to MONETA Money Bank a.s., with a stable outlook.
At the same time, the agency rated the bank's standalone credit profile "bbb," citing its niche business position in consumer finance, very strong capitalization, improving asset quality and deposit-based funding profile.
The long-term ratings reflect the agency's view that the bank has a low systemic importance in the Czech Republic.
The agency expects the bank's separation from GE Capital to be completed in 2017, with no material impact on its operation in the next 24 months.
S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.