Current S&P rating: A- / Stable

27 October 2017 S&P Global Ratings revised the outlook on PZU and its rated core subsidiaries to stable from negative. Insurer financial strength and counterparty credit rating remained at the “A-“ level.

4 July 2017 S&P Global Ratings affirmed its 'A-' insurer financial strength and counterparty credit ratings on Poland-based insurer PZU and its rated core subsidiaries. The rating affirmation follows PZU Group's announcement of subordinated debt issue of PLN 2.25 billion on 30 June 2017.

28 March 2017 S&P Global Ratings affirmed its 'A-' insurer financial strength and counterparty credit ratings on Poland-based insurer PZU and its rated core subsidiaries. The outlook remained unchanged (negative).

22 December 2016 S&P Global Ratings affirmed its 'A-' insurer financial strength and counterparty credit ratings on Poland-based insurer PZU and its rated core subsidiaries. The outlook remained negative. The rating affirmation follows PZU Group's announcement on Dec. 8, 2016, that it has entered into an agreement for the purchase of 20% of shares in Bank Pekao S.A.

On October 31, 2016, S&P Global Ratings affirmed long-term counterparty credit and insurer financial strength rating on Polish non-life insurer PZU SA and Polish life insurer PZU Zycie at 'A-' with negative outlook and simultaneously removed it from the CreditWatch.

On 21 January 2016, S&P Global Ratings downgraded the Company’s financial strength rating from “A” to “A-” with the negative outlook. The decision on reducing PZU SA’s rating is associated with the decision on downgrading Poland’s rating from “A-” to “BBB+” for long-term liabilities in foreign currencies and from “A/A-1” to “A-/A-2” for long- and short-term liabilities in the local currency, respectively, with the “negative” outlook. The downgrading does not result from any change in the Company’s financial condition.

 

Year of award / update of rating / outlook:

PZU SA    
  Financial strength rating Rating perspective
12.08.2004 A- Strong
24.07.2006 A- Negative
10.07.2008 A- Stable
16.07.2009 A Stable
26.11.2013 A CreditWatch NEG
25.03.2014 A Stable
21.01.2016 A- CreditWatch Negative
31.10.2016 A- Negative
27.10.2017 A- Stable

 

PZU Życie    
  Financial strength rating Rating perspective
12.08.2004 A- Strong
24.07.2006 A- Negative
10.07.2008 A- Stable
16.07.2009 A Stable
26.11.2013 A CreditWatch NEG
25.03.2014 A Stable
21.01.2016 A- CreditWatch Negative
31.10.2016 A- Negative
27.10.2017 A- Stable

 

Full S&P reports are published below:

For more information please refer to Standard&Poor's website: www.standardpoors.com.

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