EMTN Programme Rating

 

On 16th May 2017 Moody's published a press release in which it left unaffected Bank’s senior unsecured debt rating at the level A3 and left unaffected the stable outlook.

At the same time Moody’s left unaffected senior unsecured MTN Program rating at the level (P)A3 and left unaffected other short-term debt Program rating at the level (P)P-2. “A” rated debt is characterized by higher than average reliability and a low credit risk level, and Moody's adds figures 1, 2 and 3 to each of the ratings, thus designating their position in the relevant group) and “P-2” rated debt indicates issuers’ strong ability to repay short-term financial obligations.

 

 

USD issue – Rule 144A Rating

 

On 16th May 2017 Moody's in press release left unaffected the rating for the issue of USD-denominated bonds at the level of A3.

 

 

Detailed information about Bank's ratings is available on the main Investor Relations page in Ratings section:  http://www.pkobp.pl/pkobppl-en/investor-relations/ratings/

 

Moody's, the credit rating agency, has its registered office in the EU and has filed for registration in compliance with Regulation (EC) No. 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies. Moody's  was registered and is included in the list of ratings agencies registered in compliance with such regulation which is published by the European Securities and Markets Authority (ESMA) at:
http://www.esma.europa.eu/page/List-registered-and-certified-CRAs

The ratings of Moody's reflect respectively exclusively its opinions and evaluations. Such ratings do not constitute any recommendations to invest and should not be regarded as grounds for any investment decisions regarding the purchase or sale of any financial instruments. The ratings may be subject to review, adjustment, suspension or downgrading by Moody's.

  • These materials are for information purposes only and do not constitute a public offering within the meaning of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies dated 29 July 2005. These materials do not constitute a recommendation to purchase or sell any securities.

    These materials are not intended for distribution, directly or indirectly, in or into the United States, or in other countries where the public dissemination of the information contained herein may be restricted or prohibited by law. The securities referred to in these materials have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

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