23rd Apr 2008 17:12
Bank Pekao SA23 April 2008 UNOFFICIAL TRANSLATION (April 23, 2008) Report 49/2008: Confirmed Ratings of Bank Pekao S.A. by Fitch Ratings Management Board of Bank Polska Kasa Opieki Spolka Akcyjna ("Bank") informs thaton 22nd of April 2008, was informed that Fitch Ratings has affirmed ratings ofthe on unchanged levels. In justification of Bank's ratings the attention was turned on: extremely highpotential support from UniCredito Italiano as from its parent, Positive Outlookfor UniCredito long-term IDR, strengthened franchise and funding of the Bankthanks to the merger with the spun-off part of Bank BPH, diversified sources ofrevenues, adequate capital equipment and strong liquidity In accordance with the above mentioned information Bank's ratings from FitchRatings are as follows: Long-term IDR rating: A rating the risk of unpaid long-term liabilities of the Bank. The gradation scalefor investment level: AAA, AA, A, BBB, and for speculative level: BB, B, CCC,CC, C, DDD, DD, D. The highest rating "AAA", the lowest rating "D" with thepossibility to add "+" or "-". Short-term IDR rating: F1 rating the risk of unpaid short-term liabilities of the Bank in gradation scalefrom the highest to the lowest: F1, F2, F3, B, C, D, with the possibility to add"+" or "-", depending on main rating category. Individual rating: B/C Individual rating in gradation scale from the highest to the lowest: A, B, C, D,E, and additionally can be applied: A/B, B/C, C/D and D/E. Support rating: 1 The Support rating describes probability of external support for the bank -either by the state or by institutional owner, when the danger of being not ableto meet liabilities by the bank is nearby. The gradation scale of Support ratingis from the highest to the lowest: 1,2,3,4,5. IDR Long-term Outlook: Positive Gradation scale: from Positive via Stable to Negative. Positive outlook meansthat there is possibility to upgrade the ratings in the future, Stable outlookmeans that the ratings will remain unchanged, and Negative outlook - that thereis a possibility to downgrade the ratings. Legal grounds: Section 5 Subsection 1 Clause 26 RMF This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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