Annual report for 2024
Current reports
Ratings of Poland and PKO Bank Hipoteczny cover bonds
Ratings as part of the rating process by Moody's Investor Services on behalf of the bank.
| Type of evaluation | Evaluation | Rating scale |
| Rating of the national covered bond program | Aa1 | Rating scale from the highest: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C with the possibility to add numerical modifiers:1, 2, 3 (highest grade - 1, lowest grade - 3) for grades from Aa to Caa |
| International Covered Bond Program Rating | Aa1 | Rating scale from the highest: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C with the possibility to add numerical modifiers:1, 2, 3 (highest grade - 1, lowest grade - 3) for grades from Aa to Caa |
| Opinion on counterparty risk long-term | A2(cr) | Scale from highest: Aaa(cr), Aa(cr), A(cr), Baa(cr), Ba(cr), B(cr), Caa(cr), Ca(cr), C(cr) with the possibility of adding numerical modifiers: 1, 2, 3 (highest grade - 1, lowest grade - 3) for grades from Aa(cr) to Caa(cr) |
| Opinion on counterparty risk short-term | P-1(cr) | Scale from highest: P-1(cr), P-2(cr), P-3(cr), NP(cr) |
| Long-term counterparty risk rating | A2 | Rating scale from the highest: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C with the possibility to add numerical modifiers:1, 2, 3 (highest grade - 1, lowest grade - 3) for grades from Aa to Caa |
| Counterparty risk rating short-term | P-1 | Scale from highest: P-1, P-2, P-3, NP |
| Long-term issuer rating | A3 | Rating scale from the highest: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C with the possibility to add numerical modifiers:1, 2, 3 (highest grade - 1, lowest grade - 3) for grades from Aa to Caa |
| Short-term issuer rating | P-2 | Rating scale from highest: P-1, P-2, P-3, NP |
| Outlook | Stable | Positive, stable, negative, evolving (developing) |
Date of last assessment update: July 13, 2021. The assessments were confirmed on December 20, 2022. Details of the methodology and rating scale are posted on the agency's website (link).
Ratings of PKO Bank Polski (PKO BP)
| Moody's Investors Service | Rating of PKO BP |
| Long-term deposit rating | A2 with stable outlook |
| Short-term deposit rating | P-1 |
| Senior unsecured MTN Program rating | (P)A3 |
| Other Short Term | (P)P-2 |
| MTN Programme Senior Non Preferred unsecured eurobonds | (P)Baa1 |
| Junior Senior Unsecured (Domestic) | Baa1 |
| Senior Unsecured (Foreign) | A3 with stable outlook |
| Long-term counterparty risk rating | A1 |
| Short-term counterparty risk rating | P-1 |
| Long-term counterparty risk assessment | A1(cr) |
| Short-term counterparty risk assessment | P-1(cr) |
| Baseline Credit Assessment | baa1 |
PKO Bank Hipoteczny's mortgage bond rating takes into account:
- the high quality of the collateral register of mortgage bonds,
- the statutory oversecuring of mortgage bonds at min. 5%,
- procedure for satisfying creditors in case of bankruptcy of the bank.
