Bank Pekao maintains high rating – Moody’s
14:32
Investment and bond rating agency Moody’s confirmed on Monday that Poland’s Bank Pekao would maintain its “A2” rating, according to a report in the Polish press. The rating, according to the analysis, is indicative of a stable view of the złoty at domestic level. “Maintaining the rating reflects the belief that the sale by UniCredit of its shares in Pekao to PZU and PFR will have no impact on the credit profile of Pekao,” the assessment read. The report was released in connection with the information announced on December 8 that PZU and PFR had agreed to buy 32.8 percent of Pekao shares for PLN 10.6 billion.
