We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » January 29, 2013
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Sale of PKO BP stake is credit positive for Poland: Moody's
January 29, 2013   
Article's tools:
Print

Poland's recent sale of a stake in PKO BP bank for PLN 5.24 billion is credit positive, rating agency Moody's said in a report.

"The sale is credit positive for the sovereign because the proceeds buffer its cash position and decrease the need for debt issuance," Moody's said.

The sale may also help accelerate the investment support program Poland has recently launched, Moody’s added.

Last Wednesday, Poland sold a 2% stake in PKO BP, while special purpose bank BGK unloaded its full 10.2% stake in country's largest lender.
© The Warsaw Voice 2010-2013
E-mail Marketing Powered by SARE