Fitch upgrades Ceska, Komercni

Fitch Ratings said it upgraded Ceska Sporitelna's and Komercni Banka's long-term issuer default ratings to A from A-.

The outlooks on both banks are stable.

The agency also said it upgraded the viability ratings of Ceska and Komercni to A from A-.

The upgrades reflect a reassessment of the Czech operating environment and both banks' robust credit profiles, Fitch explained.

The agency said it believes that the low-risk banking environment in Czech Republic presents good opportunities for banks to generate consistently profitable business through the credit cycle, the agency said.

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