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9 months ago
Polish PKO's purchase of Raiffeisen unit is credit positive - Moody's
November 7, 2016 / 6:32 AM / 9 months ago

Polish PKO's purchase of Raiffeisen unit is credit positive - Moody's

WARSAW, Nov 7 (Reuters) - Poland's biggest bank PKO BP's decision to buy Raiffeisen Polish leasing unit is credit positive, Moody's Investors Service said on Monday.

The Polish state-run lender announced last week that it had reached an agreement to acquire 100 percent of Raiffeisen-Leasing Polska SA at a price of 850 million zlotys ($217.63 million).

PKO's rating at Moody's is A2 negative/A3 stable, baa2.

$1 = 3.9058 zlotys Reporting by Marcin Goclowski; Editing by Sherry Jacob-Phillips

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