Bank Millennium – Ratings Affirmed with a Stable Outlook
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Ref: PL00 2 2 3 CRA00- 0 1 3 April 20 2 4
Bank Millennium – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Bank Millennium S.A.’s (BM) Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) at ‘BBB-’ and ‘ A3 ’, respectively. At the same time, CI Ratings has affirmed BM’s Bank Standalone Rating (BSR) of ‘ bbb – ’ , Core Financial Strength ( CFS ) rating of ‘bb+ ’, and Extraordinary Support Level ( ESL ) of Uncertain. The Outlook for the LT FCR and BSR remains Stable.
The affirmation of the ratings is supported by BM’s large customer deposit base coupled with solid liquidity ratios , stronger capital ratios with am p le buffers above regulatory minima , and the diversified and granular loan book . T h e ratings also reflect the Bank’s …