Fitch Affirms Poland's Bank Pekao SA at 'A-'; Outlook Stable

(The following statement was released by the rating agency) WARSAW/LONDON, April 01 (Fitch) Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDRs) of Poland-based Bank Pekao SA (Pekao) and its mortgage bank subsidiary, Pekao Bank Hipoteczny (PBH), at 'A-' with Stable Outlook. A full list of rating actions is provided at the end of this commentary. The rating actions follow the revision of the Outlook for Pekao's parent Unicredit S.p.A. (UniCredit) on 26 March 2016 (see 'Fitch


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