Content area
Full text
S&P Global Ratings on Dec. 12 revised its outlook on Bank Pekao SA to stable from negative and affirmed the bank's long- and short-term counterparty credit ratings at BBB+/A-2.
The outlook revision reflects the rating agency's views that Bank Pekao's ratings are no longer constrained by the "bbb-" group credit profile of UniCredit SpA, which recently agreed to sell a 32.8% stake in the lender to PZU SA...