News
Current report no. 2/2009 - Change in the Bank's rating outlook
Legal basis: § 5 section 1 item 26 of the Ordinance of the
Minister of Finance on current and periodical information provided by issuers of
securities dated 19 October 2005 (Journal of Laws of 2005, No. 209, item
1744).
Bank Handlowy w Warszawie S.A. ("Bank") announces that on
January 20, 2009 Moody's Investors Service Ltd changed the Bank’s rating outlook from
stable, placing the Bank’s long-term local and foreign currency deposit ratings as well
as the Bank’s financial strength rating (BFSR) under review for possible downgrade. The
Bank’s short-term and long-term deposit ratings and financial strength rating remain
unchanged (A2/P-1/C-).
The aforementioned change follows Moody’s rating decision
for Citigroup Inc. and Citibank N.A. on January 16, 2009. More information can be found
in a press release "Moody's places Citigroup's ratings (snr at A2 and Prime-1) under
review for possible downgrade" available at http://www.moodys.com/.