PKO BP: Outlook on A2 ratings changed to Negative

Moody’s Investors Service has changed the outlook on PKO BP’s A2 longterm debt and deposit ratings to Negative from Stable. According to the agency the change in outlook reflects a reduction in the Polish government's ownership of the bank and the potential sale of the government's indirect shareholding in the bank in the medium term. This action aligns the outlooks on the bank’s standalone bank financial strength rating (BFSR) and long-term ratings. The standalone BFSR of C- (equivalent to a baa2 standalone credit assessment) was affirmed with a negative outlook. The short-term rating of Prime-1 was not affected by this latest rating action.