No threats to Poland's meeting its Euro 2012 commitments

Fitch Rating said it affirmed BRE Bank's long-term issuer default rating at 'A-' and raised the individual rating of the Polish bank to 'C/D' from 'D'.

Fitch said the success of the retail business has helped the bank diversify risks as well as sources of revenue, but noted the weakness of the bank's operating profitability relative to its peers.

Fitch also noted the significant strengthening of the bank's operating profitability last year and in the first quarter this year. BRE is Poland's fifth-largest bank with 24 corporate branches and 108 retail branches, the release added.

Source: forbes.com