Moody's changes PKO BP's outlook to negative

Rating Agency Moody's has today affirmed the A2/Prime-1 long and short-term deposit ratings of PKO Bank Polski (PKO BP). Moody's has also revised the outlook on the long-term deposit ratings to negative from stable. According to the agency, the rating was revised mainly because of the government results in May. "This rating action follows a similar action on the ratings of the Polish sovereign (A2 negative), which Moody's put on negative outlook from stable on May 14, 2016," the statement said. The PKO Bank Polski Group is the largest commercial bank in Poland, and one of the leading financial groups in Central and Eastern Europe. It has been listed on the WSE since 2004.