trending Market Intelligence /marketintelligence/en/news-insights/trending/itv4bLL6-7UCeuKLSbRjjA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Moody's assigns negative outlook on Poland's Getin Noble Bank

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Moody's assigns negative outlook on Poland's Getin Noble Bank

Moody's on Oct. 23 assigned a negative outlook on Getin Noble Bank SA's long-term deposit rating, while confirming the rating at Caa1.

The rating agency also confirmed the Polish bank's long-term counterparty risk rating and assessment at B2 and B2(cr), respectively.

The bank's baseline and adjusted baseline credit assessments were affirmed at "ca," while its short-term counterparty risk rating and bank deposit rating were affirmed at NP. Also affirmed was the bank's NP(cr) short-term counterparty risk assessment.

The bank's long-term deposit rating reflects the agency's view that Getin Noble Bank and authorities will agree on the bank's capital and profitability recovery plan in due course, among other factors. In case the recovery plan does not restore the bank's viability, its subordinated debt cushion is available to absorb losses to a large degree, Moody's noted.

The ratings actions conclude a review for further downgrade initiated by Moody's in May.