Fitch Ratings has withdrawn
The IDRs were on Rating Watch Evolving, which has not been resolved.
Fitch is withdrawing the ratings as Getin has chosen to stop participating in the rating process, following the bank's resolution. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings (or analytical coverage) for Getin.
On
Key Rating Drivers
No longer relevant, as the ratings have been withdrawn.
.
Rating Sensitivities
Factors that could, individually or collectively, lead to negative rating action/downgrade:
No longer relevant, as the ratings have been withdrawn.
Factors that could, individually or collectively, lead to positive rating action/upgrade:
No longer relevant, as the ratings have been withdrawn.
Best/Worst Case Rating Scenario
International scale credit ratings of Financial Institutions and Covered Bond issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of four notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from '
REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING
The principal sources of information used in the analysis are described in the Applicable Criteria.
ESG Considerations
Following the withdrawal of the ratings, Fitch will no longer be providing the associated ESG Relevance Scores.
RATING ACTIONS
Entity / Debt
Rating
Prior
LT IDR
WD
Withdrawn
CCC
ST IDR
WD
Withdrawn
C
Natl LT
WD(pol)
Withdrawn
B(pol)
Natl ST
WD(pol)
Withdrawn
B(pol)
Viability
WD
Withdrawn
f
Government Support
WD
Withdrawn
ns
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Additional information is available on www.fitchratings.com
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