Pomorski Regionalny Fundusz Poreczen Kredytowych – Ratings Affirmed
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Summary
24 July 2026
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 the LT NR remains Stable.
PRFPK’s credit profile is supported by stable public funding, and adequate liquidity, with capitalisation further supported by an adequate loss-absorbing buffer as total equity and provisions comfortably exceed one-third of net guarantee exposure. Strong recovery rates, backed by legally enforceable collateral, significantly mitigate guarantee payouts. Additionally, the new re-guarantee facility will support lower net risk retention, reversing the recent expansion in direct exposure caused by the run-off of legacy facilities. Weighing on the Fund’s credit profile are elevated single-obligor and sectoral concentrations in construction and services….