Fitch cuts Europejski Fundusz

Fitch Ratings said it has downgraded Europejski Fundusz Leasingowy SA's long-term issuer default rating to A from A+ and national long-term rating to AA+(pol) from AAA(pol).

Simultaneously, the ratings have been removed from rating watch negative and assigned a stable outlook, the agency noted.

Fitch said that the rating actions follow the downgrade of Europejski Fundusz's parent, Credit Agricole SA's long-term issuer default rating to A+/stable from AA-/watch negative.

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