Fitch downgrades Bank Pekao rating to BBB+, outlook stable

Fitch Ratings has downgraded Bank Pekao long-term rating IDR to ‘BBB+’ from ‘A-‘. The outlook is stable. Pekao’s Viability Rating (VR) was downgraded to ‘bbb+’ from ‘a-‘. The downgrade of IDR and VR reflects the decline of the bank’s Fitch core capital (FCC) ratio to a level, which is broadly similar to its peers, Fitch…

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