PKO Bank Polski – Ratings Affirmed with a Stable Outlook
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Ref: PL0 13 20 CRA00- 0 1 27 April 20 2 1
PKO Bank Polski – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of PKO Bank Polski (PKO) at ‘A-’ and ‘A2’, respectively. The Outlook for the LT FCR remains Stable. At the same time, CI Ratings has affirmed PKO ’s B ank S tandalone R ating (BSR) of ‘a-’ with a Stable Outlook and C ore Financial Strength (C FS ) rating of ‘a-’.
The Bank’s BSR is derived from a very strong CFS of ‘a-’ and a still sound O perating Environment Risk Anchor (O PERA ) of ‘bbb+’, which indicates that despite Covid-19, operating conditions are still characterised by modest risk. This reflects the economy’s high economic strength, moderate-to-low external vulnerabilities and …