Rating

Characteristic feature of the PZU Group’s business is its utmost security. This is evidenced by both high capital adequacy ratios and the A- rating assigned by S&P Global Ratings. The above rating is one notch above foreign currency sovereign rating on Poland.

S&P Global Ratings confirmed the financial strength rating and credit strength rating of PZU at A-

S&P Global Ratings assigned PZU the A- rating. The above rating is one notch above foreign currency sovereign rating on Poland.

“The affirmation and removal from CreditWatch reflect our view of the group’s revised business strategy announced in August 2016 after a change in the management board, as well as our view of the group’s future banking strategy in Poland. […] We believe that PZU will continue to pass our hypothetical sovereign foreign currency default stress test. We therefore rate PZU one notch higher than our foreign currency sovereign rating on Poland.” – explained S&P analysts in the report dated 31.10.2016.

On 22 December 2016, after the announcement of the contract for purchase of Bank Pekao shares, the S&P analysts affirmed the high rating for PZU.

S&P
insurer financial strength
and counterparty credit
rating