Fitch Affirms and Withdraws ZWiK's National Long-term Rating

Fitch Ratings-Warsaw/London-03 February 2012: Fitch Ratings has affirmed Zaklad Wodociagow i Kanalizacji Sochaczew Sp. z o.o.'s (ZWiK) National Long-term rating of 'BB+(pol)' with a Stable Outlook and withdrawn the rating.

Fitch Downgrades Kredyt Bank & CSOB

Fitch Ratings-Warsaw/London-03 February 2012: Fitch Ratings has downgraded Polish Kredyt Bank's (KB) Long-term Issuer Default Rating (IDR) to 'BBB' from 'A-' and Czech Ceskoslovenska Obchodni Banka a.s.'s (CSOB) Long-term IDR to 'BBB+' from 'A-'. Fitch has also maintained KB's Long-term IDR on Rating Watch Evolving (RWE) and removed CSOB's Long-term IDR from Rating Watch Negative (RWN). A full list of rating actions is at the end of this release.