Fitch takes rating action on Polish banks
21:53
Fitch Ratings has taken rating action on seven Polish banking groups reflecting the economic impact of the coronavirus outbreak in Europe. The ultimate implications of the pandemic for banks' credit profiles are unclear, but Fitch considers the risks to be skewed to the downside.
The actions on banks' Long-Term Issuer Default Ratings (IDRs) are as follows: Long-Term IDR affirmed, Outlook revised to Negative from Stable (Bank Pekao SA, Santander Bank Polska, Alior Bank, Bank Ochrony…
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