Fitch rates Europejski Fundusz A+

Fitch Ratings said it assigned Europejski Fundusz Leasingowy SA a long-term issuer default rating of A+ and a national long-term rating of AAA(pol).

The outlook is stable.

The ratings are based on the high potential support it can expect to receive from its parent, Credit Agricole SA, which has AA- and F1+ ratings with a stable outlook, Fitch said.

The company's funding structure is diversified, the agency said. Apart from funding received directly from its parent, it also has credit lines from local banks, issues bonds on the domestic market and receives funding from international financial institutions such as European Investment Bank, Fitch said.

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