Current report No. 31/2019

14.05.2019

Rating review by Moody’s rating agency

Getin Noble Bank S.A. (the “Bank”) informs that on 14 May 2019, the Moody’s Investors Service rating agency (the “Agency”) published information on the Bank’s rating.

In a communiqué, the Agency announced that it had downgraded the Bank’s ratings:

  • Adjusted Baseline Credit Assessment: from caa1 to ca
  • Baseline Credit Assessment — BCA: from caa1 to ca
  • LT Counterparty Risk Assessment: from B1(cr) to B2 (cr)
  • LT Bank Deposits (Local & Foreign): from B2 to Caa1

The Agency also announced a change in the outlook for LT Bank Deposits (Local & Foreign) rating and its inclusion on the watch list with a negative indication.

At the same time, the Agency confirmed that the current level was maintained for:

  • ST Counterparty Risk Assessment: Not Prime (cr)
  • ST Bank Deposits (Local & Foreign): Not Prime

Details of the Bank’s rating are available at www.moodys.com

Legal basis: Article 17 paragraph 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR)