Getin Noble Bank (GNB)

1.22PLN
0.00% 17:00

Current report 3/2015

18.03.2015

INFORMATION ON THE CHANGES TO GETIN NOBLE BANK S.A. RATING

Acting on the basis of § 5(1)(26) of the of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259 with later amendments), the Management Board of Getin Noble Bank S.A. with its registered office in Warsaw („Issuer”) hereby announces that it was informed that the rating agency Moody’s  („Agency”) made on 17 March 2015 the following changes to the assessment and outlook of the Issuer:
1) withdrew the negative outlook for Long-term Deposit Rating of the Issuer and put it on the observation list with a possibility of being improved;
2) introduced the following ratings: Baseline Credit Assessment (BCA) oraz Adjusted Baseline Credit Assessment, both on ba3 level and put them on the observation list with a possibility of being reduced;
The Agency also withdrew the negative outlook of the Issuer Rating and put it on the observation list with a possibility of being improved. BFSR was withdrawn as a consequence of the decision of the Agency not to carry out the assessment.

The above changes are a consequence of the new methodology of the banks’ assessment adopted by the Agency and published on 16 March 2015. The details of the changes to the methodology are available at: www.moodys.com/Pages/rr003006001.aspx

Legal basis: § 5(1)(26) of the of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259 with later amendments)