July 2019

EuroRating has revised the credit rating of the company PKN Orlen S.A. (Poland). The rating was affirmed at BBB with a stable outlook.

EuroRating has revised the credit rating of the guarantee fund "Fundusz Pomerania" Sp. z o.o. with its registered office in Szczecin (Poland). The rating was affirmed at A+ with a stable outlook.

EuroRating has revised the credit rating of the guarantee fund Malopolski Regionalny Fundusz Poreczeniowy Sp. z o.o. with its registered office in Krakow (Poland). The rating was downgraded from BBB- to BB+. The rating outlook was changed from negative to stable.

EuroRating published on its website (in the section "Credit ratings" - "Methodology") new, detailed descriptions of the rating methodologies used - separately for: corporations, banks and guarantee funds.

The publication of the new descriptions of the rating methodologies does not entail any significant changes to the methodologies and therefore does not affect any of the credit ratings issued by EuroRating.

EuroRating has revised the credit rating of the guarantee fund Opolski Regionalny Fundusz Poreczen Kredytowych Sp. z o.o. with its registered office in Opole (Poland). The rating was affirmed at BBB+ with a stable outlook.

EuroRating has revised the credit rating of the guarantee fund Kujawsko-Pomorski Fundusz Poreczen Kredytowych Sp. z o.o. with its registered office in Torun (Poland). The rating was affirmed at A- with a stable outlook.

EuroRating has revised the credit rating of the bank SGB-Bank S.A. (Poland). The rating was downgraded to B from B+. The rating outlook is negative.

EuroRating has assigned BBB- credit rating with a stable outlook to senior secured bonds denominated in GBP  issued by the company Round Table Resources plc (United Kingdom), with maturity date 30/10/2027.

EuroRating has revised the credit rating of the guarantee fund Torunski Fundusz Poreczen Kredytowych Sp. z o.o. with its registered office in Torun (Poland). The rating was affirmed at BBB- with a stable outlook.

EuroRating has revised the credit rating of the guarantee fund Pomorski Regionalny Fundusz Poreczen Kredytowych Sp. z o.o. with its registered office in Gdansk (Poland). The rating was affirmed at A with a stable outlook.

EuroRating has revised the credit rating of the guarantee fund Warminsko-Mazurski Fundusz "Poreczenia Kredytowe" Sp. z o.o. with its registered office in Dzialdowo (Poland). The rating was affirmed at A- with a stable outlook.