Bank Pekao ’s Ratings Affirmed with a Stable Outlook
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Ref: PL 006 2 2 CRA00- 0 1 20 April 202 3
Bank Pekao ’s Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Bank Pekao at ‘A-’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed Bank Pekao’s Bank Standalone Rating (BSR) of ‘bbb+’, Core Financial Strength (CFS) of ‘bbb+’ , and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable.
The affirmation of the ratings and outlook reflects Bank Pekao’s strong franchise as the second largest bank in Poland, low exposure to CHF mortgage loans , and the highest risk provisioning coverage among peers. It also reflects the Bank’s sound capital base with limited downside risk compared to peers (top seven Polish banks) coupled with some of…