29th Sep 2006 15:59
Bank Pekao SA29 September 2006 UNOFFICIAL TRANSLATION (29 September '06) Report 98/2006: Upgraded Outlook of Bank Pekao S.A.'s ratings by Fitch Ratings Management Board of Bank Polska Kasa Opieki Spo(3)ka Akcyjna ("Bank") informsthat on 28th of September, 2006 was informed that Fitch Ratings: - has revised the Bank's Otlook on Issuer Default ratings ("IDR") fromStable to Positive - has affirmed IDR, Short-term, Individual and Support ratings of theBank on the following level: A, F1, C and 1 respectively. In accordance with the above mentioned information Bank's ratings from FitchRatings are as follows: IDR rating: A - Rating the risk of unpaid long-term liabilities of the Bank. The gradationscale for 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". IDR 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. Short-term: F1 - Rating the risk of unpaid short-term liabilities of the Bank in gradationscale from the highest to the lowest: F1, F2, F3, B, C, D, with the possibilityto add "+" or "-", depending on main rating category. Individual rating: 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. Legal grounds: Section 5 Subsection 1 Clause 26 RMF of 19 October 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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