Samorzadowy 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 Samorzadowy Fundusz Poreczen Kredytowych Sp. z o.o. (SFPK or the Fund) on the Poland National Scale at ‘plA+’ and ‘plA1’, respectively. The Outlook for the ratings remains Stable.

SFPK’s credit rating reflects adequate liquidity with cash and equivalents representing over 40% of the guarantee portfolio, alongside sound and improving operating profitability. The Fund has maintained consistent profit generation over the years, with core earnings covering operating expenses for two years, demonstrating resilience to interest rate volatility. The full retention of strong earnings has accelerated capital formation, boosting loss-absorption capacity. Asset quality remains sound, supported by a low non-performing asset ratio of 2.8% and rising reserve coverage. However, these credit strengths are offset by a moderately elevated net guarantee leverage ratio…