...+ We now consider the likelihood of extraordinary government support for banks in Poland to be uncertain, and we therefore no longer include uplift for such support in our ratings on systemic banks. + We consider the country's bank resolution framework to be effective, which could allow us to include uplift for additional loss absorbing capacity (ALAC) in our ratings on individual systemic banks. + We are affirming our '###+/A-2' ratings on Bank Polska Kasa Opieki S.A. (Pekao) and our '###/A-2' ratings on mBank. + The negative outlook on Pekao reflects our negative outlook on Republic of Poland and remaining uncertainties on the resolution process applied to the bank. + The stable outlook on mBank reflects that on its German parent, Commerzbank AG. FRANKFURT (S&P Global Ratings) Oct. 18, 2016--S&P Global Ratings today affirmed its ratings on two systemically important Polish banks following the introduction of a bank resolution framework in the Republic of Poland on Oct. 9, 2016. We consider...
