BANK ZACHODNI WBK SA Fitch Rating Agency affirms Bank Zachodni WBK SA ratings
26.11.2014, 21:09aktualizacja: 26.11.2014, 21:09
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Current report No: z plikiem 56/2014
The Management Board of Bank Zachodni WBK S.A. hereby publishes the rating decision issued by Fitch Agency.
On 26th November 2014 Fitch Ratings has affirmed the Long-term IssuerDefault Rating (IDRs) and Viability Rating of Bank Zachodni WBK (BZ WBK, BBB+/Stable/bbb).
Rating actions are as follows:
Bank Zachodni WBK
Long-term foreign currency IDR: affirmed at 'BBB+', Outlook Stable
Short-term foreign currency IDR: affirmed at 'F2'
Viability Rating: affirmed at 'bbb'
Support Rating: affirmed at '2'
National Long-term rating: affirmed at 'AA-(pol)', Outlook Stable
Senior unsecured debt National Long term rating: affirmed at 'AA-(pol)'.
The Support Rating of BZWBK and IDRs of the bank, reflect Fitch's viewon potential support from the bank's shareholder. In Fitch's opinion, there is a high probability of support for BZ WBK. The bank's majority owner is Banco Santander S.A. (Santander, A-/Stable/a-).
Fitch believes that BZ WBK is strategically important subsidiary for itsparent. Fitch expects that continued parent support will result in the bank's Long-term IDR being underpinned at level one notch below that of its parent.
The Outlook on the Long-term IDRs of BZ WBK reflects that on its parentinstitution.
The VR of the bank reflect its strong standalone credit risk profile,underpinned by healthy internal capital generation, solid performance, good asset quality, strong liquidity and stable funding base.
The agency states that BZ WBK VR could be upgraded by one notch, to"bbb+"if it continues to perform strongly after the integration of other group banks, if the key financial metrics remain sound and if there is no significant deterioration in the Polish economy.
The full Fitch publication for Polish banks is attached to this report.
Legal basis:
§ 5 clause 1 point 26 of the Finance Minister's of 19 February 2009 oncurrent and periodic reports published by the issuers of securities and the rules of equal treatment of the information required by the laws of non-member states
More information on page: biznes.pap.pl
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| Data publikacji | 26.11.2014, 21:09 |
| Źródło informacji | ESPI |
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