Fitch affirms ratings for 4 Polish banks, upgrades rating for PKP

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of four Polish lenders: Alior Bank SA at 'BB', Bank Ochrony Środowiska (BOS) at 'B+', Eurobank at 'A-' and Getin Noble Bank SA at 'BB-', the agency said in a statement. "The affirmations of Alior, BOŚ and Getin reflect limited changes to their standalone credit profiles over the last 12 months. The affirmation of Eurobank reflects Fitch's opinion of a high probability that the bank would be supported by its parent, Societe Generale (SG; A/Stable/a)," the statement read. Fitch has also upgraded the Polish state-owned company Polskie Koleje Państwowe S.A.'s (PKPSA) IDRs to 'BBB+' from 'BBB' following a re-assessment of the company's credit linkage with the State. Simultaneously, Fitch has upgraded the National Long-Term Rating to 'AA(pol)' from 'A+(pol)'.