11 Jun 2013 11:59
UNOFFICIAL TRANSLATION
Report 19/2013: Standard & Poor's confirmed Bank's ratings Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") informs that on 10th of June 2013 rating agency Standard & Poor's Ratings Services ("Standard & Poor's") confirmed Bank's ratings at unchanged levels. |
In the result Bank's ratings are as follows:
long-term credit rating: 'BBB+'
short-term rating: 'A-2'
outlook: 'stable'
stand-alone rating: 'bbb+'
In rationale Standard & Poor's underlined Bank's "strong" business position, capital and earnings, "adequate" risk position and liquidity and "average" funding.
In the result the Bank's Stand-alone rating (SACP) has been sustained at 'bbb+' level, the highest of the banks being rated by Standard & Poor's in Poland.
Legal basis: Section 5 subsection 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.