POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No20/2011
Date of issue:2011-09-30
Short name of the issuer
NOVA KREDITNA BANK MARIBOR D.D.
Subject
Fitch downgraded the ratings of Nova KBM
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
In compliance with the Ljubljana Stock Exchange Rules and the Financial Instruments Market Act, Nova KBM d.d., Maribor, makes the following announcement: Fitch, one of the leading global rating agencies, changed the Rating of Nova KBM d.d. from BBB+ for long term issuer default rating to BBB. The rating F2 for short term risk was changed to F3. The outlook remains stable. The downgrades of the IDRs and Support Rating Floor of NKBM (to ‘BBB’ from ‘BBB+’) reflects downgrade of the Slovenian sovereign rating to ‘AA-’ with a Negative Outlook. The list of rating actions is as follows: Long-term foreign currency IDR: downgraded to 'BBB' from 'BBB+', Stable Outlook Short-term foreign currency IDR: downgraded to 'F3' from ‘F2’ Support Rating: affirmed at '2' Support Rating Floor: downgraded to 'BBB' from 'BBB+' Viability Rating downgraded to ‘bb’ from ‘bb+’ Individual Rating: affirmed at 'C/D' Hybrid capital instrument: downgraded to 'B+' from 'BB-' This announcement will be available on the Bank's website (www.nkbm.si) from 30 September 2011 onwards.
Annexes
FileDescription
NOVA KREDITNA BANKA MARIBOR D.D.
(fullname of the issuer)
NOVA KREDITNA BANK MARIBOR D.D.Banki (ban)
(short name of the issuer)(sector according to clasification of the WSE in Warsow)
2505Maribor
(post code)(city)
Vita Kraigherja4
(street)(number)
+386 2 229 22 90+386 2 229 43 33
(phone number)(fax)
(e-mail)(web site)
SI94314527586058000
(NIP)(REGON)
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
DateNamePosition / FunctionSignature
2011-09-30Matja¾ KovaèièPresident of the management board