Fundusz Pomerania Sp. z.o.o. – Ratings Affirmed

2 December 2025

Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long- and Short-Term Ratings on the Poland National Scale of Fundusz Pomerania Sp. z.o.o. (Pomerania or the Fund) at ‘plA+’ and ‘plA1’, respectively. The Outlook for the ratings remains Stable Outlook.

Pomerania’s credit profile is supported by a solid capital base and strong liquidity. Capital adequacy is strong, with a net guarantee leverage ratio (NGLR) below 1.0x. Cash resources are comparable to the guarantee portfolio backed by the Fund’s capital. The liquidity position is anchored by highly liquid assets (99.4% cash and bonds), equal to one-third of the guarantee portfolio. This resilience is further supported by a capital structure consisting almost entirely of equity and reserves. A sound financial performance, characterised by stable fee-based revenues, supports internal capital generation. These strengths are partly offset by a recent rise in non-performing guarantees…