Legal basis:
Paragraph 5.1.26 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the legal regulations of a state which is not a EU member state
The report:
The Management Board of Powszechna Kasa Oszczedności Bank Polski Spółka Akcyjna (the “Bank”) hereby informs that the rating agency Moody's Investors Service (”Moody’s”), on 17 September 2012 had changed the outlook on ratings given to the Bank.
Moody's changed the outlook on Bank’s A2 long-term debt and deposit ratings to “negative” from “stable”.
The change in outlook reflects a reduction in the State Treasury’s ownership of the Bank and the State Treasury’s medium-term plans to reduce its indirect shareholding in the Bank.
Other ratings have not been changed.