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Credit rating agency Moody’s affirmed the A3/P-2 long- and short-term deposit ratings of K&H Bank, the Hungarian unit of KBC, with a stable outlook. It also affirmed K&H’s ba1 Baseline Credit Assessment (BCA) and baa3 Adjusted BCA, its A3/P-2 long- and short-term Counterparty Risk Ratings (CRR); and its Baa1(cr)/P-2(cr) long- and short-term Counterparty Risk (CR) Assessments. The affirmation of K&H’s ba1 BCA acknowledges the resiliency in the bank’s financial performance despite Hungary’s sovereign issuer rating of Baa2 with a stable outlook. Moody’s expects a moderate deterioration in asset q…

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