PKO Bank Polski S.A. has solicited credit ratings from Moody's Investors Service rating agency, which assesses the Bank's creditworthiness according to its own bank assessment procedure.

On 18 June 2018, Moody’s Investors Service notified of assigning new counterparty risk ratings (CRR) to PKO Bank Polski SA. The long-term counterparty risk rating was set at A2, and the short-term counterparty risk rating at P-1. In its notification, the agency did not refer to the Bank’s other present ratings. The new ratings were assigned in connection with updating of the bank rating methodology by the agency in June 2018. At the same time, new ratings were assigned to 32 other banks in Central and Eastern Europe.

Counterparty risk ratings reflect an entity’s ability to settle an unsecured portion of the counterparty’s financial liabilities not related to a debt (CRR liabilities) and the expected financial losses in the case of failing to settle such liabilities. Examples of CRR liabilities include the uncollateralized portion of liabilities arising from derivatives transactions and the uncollateralized portion of liabilities under sale and repurchase agreements.

Moody's Investors Service
Rating
Long-term deposit ratingA2 with stable outlook
Short-term deposit ratingP-1
Senior unsecured debt ratingA3 with stable outlook
Senior unsecured MTN Program rating(P)A3
Other short-term debt Program rating(P)P-2
Long-term counterparty risk ratingA2
Short-term counterparty risk ratingP-1
Long-term counterparty risk assessmentA2(cr)
Short-term counterparty risk assessmentP-1(cr)

Date of the last rating action: 2018-06-18.

The introductory investor presentation includes the information about the Bank's credit standing.

Detailed information about Moody's methodology and rating scale is included on the agency's website.

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