mBank: The confirmation of the mBank’s rating by Fitch and the change of Bank’s long-term rating prospects from stable to negative
Current Report |
|
Drafted on: |
28 March 2014 |
Current report No |
23/2014 |
Abbreviated issuer’s name |
mBank |
Legal basis |
Article 56 section 1 item 2 of the Act on Public Offering - current and periodic information |
Contents: |
The Management Board of mBank S.A. informs that on 27 March 2014 Fitch Rating confirmed: 1. mBank’s long-term foreign currency Issuer Default Rating at the “A” level with the change from stable prospect to negative, 2 mBank’s short-term foreign currency IDR at the “F1” rating, 3. support rating at “1” level. Viability rating remains unchanged at ‘bbb-'. The agency also confirmed the ratings for the unsecured debt - senior unsecured debt - at: "A" (long-term rating) and "F1" (short-term rating) and the rating of unsecured bonds issued by mFinance France at "A" (long-term). The change in mBank’s rating prospects results from the change of Commerzbank’s long-term rating prospects from stable to negative, which is the consequence of Fitch’s global review of country’s support for European banks. Commerzbank was in the group of 18 European commercial banks, which experienced the decrease in rating prospects to negative by Fitch on 26 March. |
SIGNATURES OF THE PERSONS REPRESENTING THE COMPANY
Deputy Director of Compliance Department |
Maciej Mołdawa 28 March 2014 |
Information on the entity:
Abbreviated issuer’s name: |
mBank |
Full issuer’s name: |
mBank SA |
Sector according to Warsaw Stock Exchange (WSE) classification: |
Banks (ban) |
Address: |
SENATORSKA 18, 00-950 WARSZAWA |
Phone No: |
829-00-00 |
Fax: |
829-00-33 |
e-mail: |
|
WWW |
www.mbank.pl |
NIP (Tax identification number): |
526-021-50-88 |
Statistical identification number (REGON): |
001254524 |