mBank’s long-term rating raised to ‘BBB+’ by S&P Global Ratings
Current Report |
|
Drafted on: |
29.03.2017 |
Current report No |
17/2017 |
Abbreviated issuer’s name |
mBank |
Contents: |
The Management Board of mBank S.A hereby informs that on March 28, 2017 S&P Global Ratings (S&P) raised mBank’s long-term issuer credit rating from ‘BBB’ to ‘BBB+’ following the upgrade of Commerzbank AG from ‘BBB+’ to ‘A-‘ and S&P’s expectation that mBank remains Commerzbank’s strategically important subsidiary. Long-term rating of mBank was removed from CreditWatch, where it was placed with positive implications on December 15, 2016. The outlook on mBank’s long-term rating after the rating upgrade is negative, which reflects the negative outlook on Commerzbank’s rating. Along with the upgrade of mBank, S&P’s rating of bonds issued by mFinance France under the Euro Medium Term Note Programme (EMTN) was also raised to ‘BBB+’. |
SIGNATURE OF THE PERSONS REPRESENTING THE COMPANY
Vice-President of the Management Board |
Christoph Heins 29.03.2017 |