Bank Millennium - Ratings Lowered; Outlook Remains Negative

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the Long-Term Foreign Currency Rating (LT FCR) of Bank Millennium S.A. (BM) to 'BBB' from 'BBB+'. At the same time, CI Ratings has lowered BM's Bank Standalone Rating (BSR) to 'bbb' from 'bbb+' and the Core Financial Strength (CFS) rating to 'bbb-' from 'bbb'. BM's Short-Term Foreign Currency Rating (ST FCR) has been affirmed at 'A2'. The Outlook for the LT FCR and BSR remains Negative. The Bank's ESL of Uncertain has also been affirmed.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Poland, Bank Millennium SA)
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