Pomorski Regionalny Fundusz Poreczen Kredytowych – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term Ratings of Pomorski Regionalny Fundusz Poreczen Kredytowych Sp. z o.o. (PRFPK or the Fund) on the Poland National Scale at ‘plA-’ and ‘plA2’, respectively. The Outlook for both ratings remains Stable.

PRFPK’s ratings are supported by adequate liquidity, with nearly 50% of the guarantee portfolio covered by cash and equivalents, and a modestly elevated (though rising) net guarantee leverage ratio (NGLR) of 2.6x, indicating equity and reserves coverage of approximately 40% of total guarantees. Additional strengths include adequate operational coverage, with revenues remaining sufficient to fund operating activities despite declining trends. Satisfactory asset quality is reflected by a 5.4% non-performing asset ratio, good reserve coverage, and solid credit risk controls evidenced by low guarantee pay-out ratios and effective recovery mechanisms. These strengths…