Locked content 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 ...

Locked content Fitch keeps PGNiG ratings at BBB- with stable outlook

Fitch Ratings maintained longterm ratings for PGNiG at the BBB- level with a stable outlook, the agency said. “Confirmation of the rating reflects the strong, integrated position of PGNiG on the Polish gas market, low leverage, and solid liquidity. The rating is supported by the regulated gas ...

Locked content Fitch confirms Poznań rating at “A-” level

Ratings agency Fitch confirmed Poznań’s rating at the “A-” level – Poznań magistracy announced on Saturday. “A-” is the highest rating of the Fitch agency that can be obtained by a Polish self-government. The forecast for Poznań is stable. The “A-” rat...

Fitch sees GDP growth in Poland at 4.8% in 2018

Fitch Ratings predicts the economic growth in Poland will reach 4.8 percent in 2018, and then it will slow down to 3.6 percent in 2019 and even further to 2.9 percent in 2020. The agency also predicts that investment growth will amount to 5.6 percent this year, 2.8 percent in 2019 and 0.6 percent in...

Fitch: economic growth to taper off in 2020

Ratings agency Fitch expects Poland’s economic growth to slow down to 2.9 percent in 2020, from 3.4 percent in 2019 and 4.4 percent in 2018, the agency stated. The agency raised its projections for inflation in 2018-2019 to 2.5 percent at the end of this year (from a previous forecast of 2.3 percent...

Locked content Fitch gives BGK’s upcoming €500 mln bond issue an A- rating

Fitch Ratings has assigned Bank Gospodarstwa Krajowego’s (BGK) planned debut issue of up to €500 million in state-guaranteed senior eurobonds an expected long-term foreign currency rating of A-, Fitch said. “The notes’ rating is in line with the ‘A-‘ Long-term foreign-c...