Fitch gives Gospodarstwa Krajowego bonds A

Fitch Ratings said it has assigned Bank Gospodarstwa Krajowego's (A-/stable/F2) PLN 1 billion of senior unsecured bonds a final long-term local currency rating of A and a national long-term rating of AAA(pol).

The ratings assigned to the senior bonds are equalized with Gospodarstwa Krajowego's long-term local currency and national long-term rating (A and AAA(pol), respectively) in line with Fitch's criteria for rating senior debt.

As such, the agency said that they are sensitive to movements to the bank's long-term local currency rating and its national long-term rating, which, in turn, are sensitive to the bank's long-term issuer default rating and the sovereign rating for Poland.

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