Fitch affirms Europejski Fundusz Leasingowy at Outlook Negative

Fitch Ratings has affirmed Poland-based leasing company Europejski Fundusz Leasingowy (EFL) Long-Term Issuer Default Rating (IDR) at 'A'. The Outlooks are Negative.

The ratings of EFL are driven by an extremely high probability of support from its ultimate shareholder, Credit Agricole, the central body of the cooperative banking group. EFL's Long-Term IDR is notched down once from CA's as Fitch considers the company as strategically important to the parent and to CA's Polish business.