| Report No. 15/2017 – Upgrading the outlook on the long-term deposits ratings by Moody’s rating agency
Legal basis:
Article 17(1) of the MAR
Contents of the report:
The Management Board of PKO Bank Polski S.A. (“Bank”) informs that on 16 May 2017 Moody’s Investors Service (“Moody’s”) published a press release on the website www.moodys.com (“Release”), in which it informed about upgrading the outlook for long-term deposits ratings to stable from negative and the affirming long- and short-term Bank’s deposits ratings at the level A2/P-1.
Moody’s informed also that other ratings are unaffected by this rating action.
The upgrade of the long-term deposits ratings outlook follows a similar action on the outlook on Poland’s government rating, published on 12 May 2017.
According to the Release:
• long-term deposits rating was affirmed at the level A2, outlook was upgraded to “stable” from “negative”,
• short-term deposits rating was affirmed at the level P-1,
• senior unsecured debt rating was unaffected at the level A3, outlook maintained “stable”,
• senior unsecured MTN Program rating was unaffected at the level (P)A3,
• other short-term debt Program rating was unaffected at the level (P)P-2,
• counterparty risk assessment was unaffected at the level A2(cr)/P-1(cr).
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