Ratings from Moody's Investors Service, commissioned by the Bank.
Type  | Rating  | Scale  | 
International covered bonds issuance programme rating  | Aa1  | Ratings scale in descending order: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C, with the possible addition of numerical modifiers 1, 2 and 3 (with 1 being the highest) for ratings from Aa to Caa  | 
Domestic cover bonds issuance programme rating  | Aa1  | Ratings scale in descending order: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C, with the possible addition of numerical modifiers 1, 2 and 3 (with 1 being the highest) for ratings from Aa to Caa  | 
Long-term counterparty risk assessment  | A1(cr)  | Scale in descending order: Aaa(cr), Aa(cr), A(cr), Baa(cr), Ba(cr), B(cr), Caa(cr), Ca(cr), C(cr) with the possible addition of numerical modifiers 1, 2 and 3 (with 1 being the highest) for ratings from Aa(cr) to Caa(cr)  | 
Short-term counterparty risk assessment  | P-1(cr)  | Scale in descending order: P-1(cr), P-2(cr), P-3(cr), NP(cr)  | 
Long-term counterparty risk rating  | A1  | Ratings scale in descending order: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C, with the possible addition of numerical modifiers 1, 2 and 3 (with 1 being the highest) for ratings from Aa to Caa  | 
Short-term counterparty risk rating  | P-1  | Scale in descending order: P-1, P-2, P-3, NP  | 
Long-term issuer rating  | A3  | Scale in descending order: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C with the possible addition of numerical modifiers 1, 2 and 3 (with 1 being the highest) for ratings from Aa to Caa  | 
Short-term issuer rating  | P-2  | Scale in descending order: P-1, P-2, P-3, NP  | 
Date of dispatch or confirmation: 23 September 2025.
Detailed information on rating methodology and scale are available on the agency’s website.
 
 
- Moodys Press Release - completion of a periodic review of ratings of PKO BP
 - Moodys Press Release - PKO BH long-term issuer ratings upgraded to A3
 - Moodys Press Release - Upgrade the mortgage covered bonds issued by PKO Bank Hipoteczny S.A. to Aa1
 - Moodys Credit Opinion PKO Bank Hipoteczny - 12 April 2022