• 1.  

    Rating by Fitch Ratings

    • Long-term rating Short-term rating Viability
      rating 
      Support rating Outlook for LT rating 
      BBB F2  bbb-  2 stable

      Latest change: 7 March 2016
      BBB: Good credit quality. BBB' ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity.
      F2: Insurers are viewed as having a good capacity to meet their near-term obligations.

       

      Rating for euro medium - term note (EMTN) programme

      Long-term senior unsecured debt rating Short-term senior unsecured debt rating
      BBB F2

       

      Rating for Poland

      Long-term Short-term
      A- F2

       

      Rating for Commerzbank

      Long-term Short-term
      BBB+ (stable perspective) F2

       

      Analysts

      Michał Bryks Jakub Kopiec
      tel.: +48 22 338 62 93
      Michal.Bryks@fitchratings.com
      tel.: +48 22 330 67 02
      jakub.kopiec@fitchratings.com
  • 2.  

    Rating by S&P Global Ratings

    • Long-term credit rating Short-term credit rating Stand-alone credit profile (SCAP)  Outlook for long-term rating
      BBB+ A-2 bbb negative

      The first solicited rating was assigned on 6 June, 2013. Latest change of the rating on 21 June 2018.

      BBB (on the scale: AAA, AA, A, BBB, BB, B, CCC, CC, R, SD and D; the ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or a minus (-) to show relative standing within the major rating categories) - An obligor rated 'BBB' has adequate capacity to meet its financial commitments. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitments. A-2 (on the scale: A-1, A-2, A-3, B, C, R, SD and D) - An obligor rated 'A-2' has a satisfactory capacity to meet its financial commitments. However, it is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in the highest rating category.

       

      Rating for euro medium-term note (EMTN) programme

      Long-term credit rating Short-term credit rating
      BBB+ A-2

       

      Resolution counterparty rating (RCR)

      Long-term Short-term
      A- A-2

       

      Rating for Poland

      Long-term Short-term
      A- A2

       

      Rating for Commerzbank

      Long-term Short-term
      A- (negative outlook) A2

       

      Analysts

      Michal Selbka Anna Lozmann
      michal.selbka@spglobal.com  anna.lozmann@spglobal.com
  • 3.  

    Other ratings

    • Moody’s Investors Service

      Moody’s ratings are based on publicly available information.

      Long-term deposit
      rating
      Short-term deposit
      rating
      Baseline Credit Assesment
      (BCA)
      Adjusted
      BCA
      Counterparty risk
      assessment
      A3 P-2 baa3 baa2 A2 (cr)/ P-1 (cr)

       

      Rating for Poland

      Long-term Short-term
      A2 P-1

       

      Rating for Commerzbank

      Long-term Deposit Rating Short-term Deposit Rating Long-term Issuer Credit Rating/Preferreed senior unsecured debt (senior) Baseline Credit Assessment
      A1 (stable) P-1 A1 (stable) baa2

       

      Capital Intelligence Ratings

      Rating based on publicly available information.

      Long-Term Foreign Currency Rating Short-Term Foreign Currency Rating Bank Standalone Rating (BSR) Core Financial Strength (CFS)
      A- A2 bbb+ bbb+

Contact:

Paweł Lipiński
tel. +48 22 829 15 33
Pawel.Lipinski@mbank.pl