Connect with us

Hi, what are you looking for?


The unpleasant consequences of credit holidays for banks. Fitch downgrades rating

The unpleasant consequences of credit holidays for banks.  Fitch downgrades rating

Millennium Bank announced on Friday that Long term rating downgraded to “BB” from “BBB-” with a stable outlook. Short-term rating “B” with “F3”, viability rating “bb” with “bbb-”, long-term national rating “BBB + (pol)” with “A (pol)”, while the national short-term rating has been retained In “F1 (pol)”.

In turn, mBank announced on Friday that rating agency Fitch Ratings has placed mBank ratings such as the viability (single) rating of “bbb-“, the long-term rating of “BBB-“, On the watch list with a negative sign.

The agency also placed BNP Paribas Bank Polska’s Viability Rating (“VR”) (“bbb-“) in the same list.

The rest of the article is below the video

See also: “It’s more than just a help.” Only 15 percent. The Poles have trouble repaying the loan

Banks are already feeling the credit holidays

Where do the changes come from? Bank indicates credit holidays. Millennium said in a statement that its ratings “reflect pressure on capital resulting largely from the bank’s above-average exposure to products that have been subject to government or judicial intervention, adversely affecting reported profitability.”

“The reason for the above decision is Fitch lowered the assessment of the work environment in Poland to level “bbb” with “bbb +”, mainly due to the provision of legal credit to borrowers who have taken out a mortgage in Polish currency, mBank reported.

Rate our article quality:

Your feedback helps us create better content.



Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Another person familiar with Sony’s plans confirms the killer news for PS5 owners. Horizon Forbidden West is not expected to appear on the market...


The British government has canceled a recommendation to avoid travel to and from the eight regions most affected by the Indian coronavirus variant altogether....


It looks like Tesla wants to use lasers instead of standard wipers in the future. I applied for a patent for this solution. The...


Farmer reveals government plans for CPK The farmer who issued the documents is a member of the social council of the CPK. As he...