Moody’s, the credit rating agency, has assigned a long-term rating with a stable outlook to Bank Gospodarstwa Krajowego (abbrev. BGK – a Polish national development bank – ed.) at a level equivalent to the assessment of the State Treasury. This marks the second global agency, following Fitch, to recognize the Polish development bank in such a manner.
Another rating from a leading agency places BGK among financial institutions with at least two such strong assessments. This demonstrates the bank’s high credibility and credit quality of BGK bonds. In comparison with other issuers in Poland, the bank carries one of the lowest risks of default. Being part of this group gives us greater visibility on the international stage and a stronger voice in the global debate on socioeconomic development. In just the past year, the bank provided PLN 335 billion in support to the Polish economy,”
said Paweł Nierada, First Vice-President of BGK.