13 Apr 2011 18:06
UNOFFCIAL TRANSALTION
Report 14/2011: Bank's ratings affirmed
Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") received on April 12, 2011 information that Standard & Poor's Ratings Services has affirmed ratings of the Bank in the following way:
1) long-term rating at "A-" ,
2) short-term rating at "A-2" ,
3) Stable Outlook of Bank's ratings has been sustained.
The gradation scale of ratings applied by Standard & Poor's Ratings Services:
Long-term ratings - Rating of capability to pay long-term liabilities of the Bank. The gradation scale for investment level: AAA, AA, A, BBB, and for speculative level: BB, B, CCC, CC, C, DDD, DD, D. ("AAA" is the highest rating, "D" is the lowest rating).
Gradation scale of Outlook - from Positive via Stable to Negative. Positive outlook means that there is possibility to upgrade the ratings in the future, Stable outlook means that the ratings will remain unchanged, and Negative outlook - that there is a possibility to downgrade the ratings.
Short-term ratings - Rating of capability to pay short-term liabilities of the Bank. The gradation scale: A-1, A-2, A-3, B, C. ("A-1" is the highest and "C" is the lowest rating).
Legal basis: § 5 section 1 clause 26 Finance Minister's Ordinance of 19 February 2009 re. current and periodic reports published by the issuers of securities and the rules of equal treatment of the information required by the laws of non-member states