BANK MILLENNIUM S.A.: Zmiana ratingów Banku Millennium przez agencję Moody’s

Bank Millennium S.A.

July 20, 2022

Current Report no. 22/2022

SUBJECT: Change of Bank Millennium’s ratings by Moody’s rating agency

Bank Millennium S.A’s (‘Bank’) Management Board informs that on July 20,
2022 Moody’s rating agency (‘Moody’s’) downgraded Bank’s long-term and
short-term ratings to following levels:

Long-term Bank Deposits Rating: Baa3 (previously Baa1),

Baseline Credit Assessment (BCA) and adjusted BCA: ba2 (previously baa3),

Long-term Counterparty Risk Assessment: (CRA): Baa2(cr) (previously
A3(cr)),

Long-term Counterparty Risk Ratings (CRR): Baa2 (previously A3),

Short-term Bank Deposit Rating: P-3 (previously P-2),

Junior senior unsecured MTN program rating: (P)Ba2 (previously (P)Baa3).

As a part of today’s rating action, Moody’s also placed all long-term
and short-term ratings and assessments of the Bank on review for further
downgrade.

In their report Moody’s stated, among others, that:

‘The rating action follows BM’s (Bank’s) announcement that it expects
its capital ratios to drop below regulatory minimum capital requirements
as a result of the implementation of new borrower-friendly legislation
in Poland, the key component of which is a loan moratorium scheme for
Polish Zloty (PLN) mortgage borrowers’.

More details are available at Moody’s website:

https://www.moodys.com/research/Moodys-downgrades-Bank-Millenniums-long-term-deposit-ratings-to-Baa3–PR_468054

Legal base: Art. 17.1 of MAR

Reakcja

0%0Pozytywnie0%0Neutralnie 0%0Negatywnie

Twoje emocje

0%0Lubię to!

0%0Super0%0Ekscytujący 0%0Ciekawy0%0Smieszny0%0Smutny0%0Wściekły0%0Przerażony0%0Szokujący0%0Wzruszający0%0Rozczarowany0%0Zaskoczony

Co sądzisz?

0%0Prawda0%0Manipulacja0%0Fake news

0

0Ulub

Oryginalne źródło ZOBACZ