Samorzadowy Fundusz Poreczen Kredytowych Sp. z o.o. – Ratings Affirmed

28 April 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term National Rating (LT NR) and Short-Term National Rating (ST NR) on the Poland National Scale of Samorzadowy Fundusz Poreczen Kredytowych Sp. z o.o. (SFPK or the Fund) at ‘plA+’ and ‘plA1’, respectively. The Outlook for both the LT NR and ST NR remains Stable.

SFPK’s ratings are supported by adequate liquidity, strong capital growth, and sound asset quality. Cash and equivalents cover nearly half of the guarantee portfolio, while capital continued to rise robustly from fairly resilient earnings and full profit retention, and further supplemented by shareholder capital injections. In terms of asset quality, the non-performing asset (NPA) ratio remains low, with strong reserve coverage. Guarantee payouts also remain low, supported by good recovery rates. SFPK’s credit profile is constrained by structural reliance on public sector funding and a fairly narrow…