The rating reflects the bank’s well-established regional banking model, robust capitalisation and solid profitability metrics. Some asset quality risk, amid a weak macro-economic environment, is the main credit challenge.

Affirmation reflects the bank's well-established regionally focused banking model, very strong capitalisation and good profitability, mitigating asset risks.

The affirmation reflects Bank Burgenland's acquisition of parts of Austrian Anadi Bank, announced in December 2023, which we view as neutral to the current rating level.