trending Market Intelligence /marketintelligence/en/news-insights/trending/LuUTa6eMBGrb2xw4Jhb5Ng2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Fitch downgrades mBank, mBank Hipoteczny

Street Talk Episode 53 - Nancy Bush Questions Large Bank MOEs, Future Of Independent Research

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash


Fitch downgrades mBank, mBank Hipoteczny

Fitch Ratings on Oct. 15 downgraded the long- and short-term issuer default ratings of mBank SA and mBank Hipoteczny SA to BBB-/F3 from BBB/F2 in light of Commerzbank AG's decision to divest its majority stake in mBank.

The rating agency believes that mBank is not a strategically important subsidiary for Commerzbank anymore. A buyer has not been finalized yet, but ING Groep NV's polish unit is reportedly considering acquiring mBank.

Fitch also downgraded mBank's long- and short-term senior unsecured debt ratings to BBB-/F3 from BBB/F2, its long- and short-term national ratings to A+(pol)/F1(pol) from AA-(pol)/F1+(pol) and support rating to 3 from 2. Also downgraded were mBank Hipoteczny's long- and short-term national ratings to A+(pol)/F1(pol) from AA-(pol)/F1+(pol).

The agency also placed the ratings, as well as mBank's "bbb- " viability rating, on rating watch positive. The long-term ratings had a stable outlook prior to the placement.

Fitch also downgraded mFinance France SA's long-term senior unsecured rating to BBB- from BBB and placed it on rating watch positive.