June 2024

Due to the resignation by the EuroRating credit rating agency from the formal registration in the European Union, EuroRating changed the status of the solicited credit ratings assigned to all guarantee funds rated by the agency from public ratings to private ratings.

Due to the resignation by the EuroRating credit rating agency from the formal registration in the European Union, EuroRating has terminated credit risk assessment of companies included in the WIG20 Warsaw Stock Exchange stock index and of a group of the largest banks in Poland and withdrew, as of June 25, 2024, unsolicited public credit ratings assigned to these entities.

Due to the constantly increasing regulatory requirements and related rising costs in recent years, disproportionate to the scale of operations of small credit rating agencies, and the simultaneous lack of demand for public credit ratings on the Polish capital market, EuroRating submitted a request to ESMA to withdraw the company's registration as a credit rating agency authorized to issue public credit ratings in the EU.

At the company's request, ESMA issued a decision to withdraw the formal registration of EuroRating in the EU. This decision entered into force on June 18, 2024.

Pursuant to Article 24 point 4 of the Regulation No. 1060/2009, public credit ratings previously assigned by EuroRating may continue to be used for regulatory purposes after ESMA issues a decision to withdraw the agency's registration in the EU for the period of:

• ten working days from the date of publication of ESMA's decision, if there are credit ratings of the same financial instrument or entity issued by other credit rating agencies registered in the EU; or
• three months from the date of publication of ESMA's decision, if there are no credit ratings of the same financial instrument or entity issued by other credit rating agencies registered in the EU.

After the company's resignation from the formal registration in the EU, EuroRating continues to operate as a credit rating agency, but it focuses on issuing private credit ratings (one-off and monitored), which are not subject to the regime of the Regulation No. 1060/2009 and do not require registration in the EU.

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

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