Locked content EuroRating downgrades Getin Noble Bank rating to “B-“

The rating agency EuroRating has downgraded the credit rating of Getin Noble Bank (GNB) to B- from B, the negative outlook was maintained. “Another, fourth cut of the Getin Noble Bank rating is related to the negative impact of the scandal with controversial talks of the former chairman of KNF...

Locked content EuroRating downgrades CCC rating to BBB-

EuroRating downgraded shoe retailer CCC rating to BBB- from BBB, confirmed negative outlook. Rating decrease resulted mainly from the deterioration of the company’s liabilities structure over the past several quarters. EuroRating underscored that the recent rapid growth in CCC assets was mainl...

Locked content EuroRating downgrades Bank BPH’s rating

The international credit rating agency EuroRating has lowered the rating of Bank BPH by two degrees (from BB+ to BB-), the overlook remained negative. The reduction of the rating is connected with the takeover of an 87 percent stake in Bank BPH by Alior Bank, a statement read. In April, Alior Bank, ...

Locked content EuroRating downgrades Polish banks’ ratings

Due to a bill which forces Polish lenders to restructure franc-denominated mortgages recently passed by Sejm, EuroRating lowered the ratings of ten Polish banks. This includes the following: Bank BPH, Bank Millennium, BOŚ, Bank Zachodni WBK, Deutsche Bank, Getin Noble Bank, mBank, PKO BP, Raiffeisen...

Locked content EuroRating revises JSW rating

The EuroRating agency has reduced the credit rating for Poland’s mining company Jastrzębska Spółka Węglowa from B+ to B- with a continuous negative perspective. According to the agency’s estimates, JSW may record more than PLN 1 billion in losses in 2015 and if it does not commence minin...