2017-02-14

Nest Bank S.A. (Poland) - credit rating withdrawal

EuroRating terminated conducting credit rating assessment of the bank Nest Bank S.A. (formerly FM Bank PBP S.A.) and withdrawed on 14 February 2017 the unsolicited public credit rating (recently BB+ with a stable outlook) assigned to the bank.

The reason for the termination of credit rating assessment of Nest Bank S.A. is insufficient data and information about the rated bank available from public sources (including in particular lack of publication by the bank interim financial statements). Thus, it hinders conducting an ongoing monitoring of the credit rating assigned to the bank (including periodic formal verifications of the rating), which in longer time horizon could negatively affect the credibility of the credit rating assigned to the bank.