London, 19 December 2013 -- Moody's Investors Service has today downgraded Bank Gospodarki Zywnosciowej S.A.'s (BGZ) long and short-term deposit ratings to Baa3/Prime-3 from Baa2/P-2. Concurrently, Moody's affirmed the bank's standalone bank financial strength rating (BFSR) of D (equivalent to baseline credit assessment (BCA) of ba2). The outlook remains stable on all ratings.

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