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ING Bank Slaski Gains the Most in a Month on Fitch Rating

Feb. 28 (Bloomberg) -- ING Bank Slaski SA jumped the most in almost a month after Fitch Ratings affirmed the Polish unit of ING Bank NV at an ‘A’ rating with a stable outlook.

The shares rose as much as 2.7 percent to 87.5 zloty, the most since Jan. 31 on an intraday basis, and traded 1.6 percent higher to 86.55 zloty as of 12:47 p.m. in Warsaw.

“ING Bank Slaski’s Long- and Short-term Issuer Default Ratings are based on the potential support that it can expect to receive from its parent, ING Bank NV, if needed,” Fitch said in a statement published today.

ING Bank has an A+ rating from Fitch with a stable outlook.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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