{"id":1904776,"date":"2023-03-25T08:41:56","date_gmt":"2023-03-25T12:41:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moodys-downgrades-polands-mbank-confirms-bank-millennium\/"},"modified":"2023-03-25T08:42:30","modified_gmt":"2023-03-25T12:42:30","slug":"moodys-downgrades-polands-mbank-confirms-bank-millennium","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moodys-downgrades-polands-mbank-confirms-bank-millennium\/","title":{"rendered":"Moody\u2019s downgrades Poland\u2019s mBank, confirms Bank Millennium"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmoodys-downgrades-polands-mbank-confirms-bank-millennium%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1904776&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p>According to WARSAW( Reuters )- Moody&#8217;s, the agency downgraded the long-term deposit ratings of mBank and changed the outlook from&#8221; under review&#8221; to&#8221; negative ,&#8221; citing risks associated with the legacy of Swiss franc loans at Polish lenders.<\/p>\n<p>The mortgage unit of the bank, mBank Hipoteczny, has had its long-term issuer ratings downgraded by Moody&#8217;s, and the outlook has changed from&#8221; under review&#8221; to&#8221; negative.&#8221;<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\"><script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); }); <\/script><\/div>\n<\/p>\n<p>The organization updated the outlook on Bank Millennium&#8217;s long-term deposit ratings from&#8221; under review&#8221; to&#8221; negative&#8221; and confirmed its long &#8211; and short \u2013 term deposits ratings.<\/p>\n<p>Last month, a base court advisor for the European Union sided with Polish loans with mortgages denominated in Swiss francs. The issue could cost Polish banks 100 billion zlotys($ 22.98 billion ), according to Poland&#8217;s regulator.<\/p>\n<p>According to the European Court of Justice&#8217;s Advocate General, the lost frequency of current and future lawsuits involving the Polish banks&#8217; legacy Swiss francs mortgage loans has significantly increased the tail risks for mBank and Bank Millennium.<\/p>\n<p>( 1 x 4.3511 zlotys )<\/p>\n<\/p>\n<p>( Editing by Jason Neely, reporting by Marek Strzelecki)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/moodys-downgrades-polands-mbank\/attachment\/polish-lender-mbank-logo-seen-in-warsaw\/\"><\/a><\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Republicans are stepping back to defend their children&#8217;s sincerity as kids become more concerned about what they are learning in school.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Jim Jordan, chairman of the House Judiciary Committee, tells One America News that Manhattan District Attorney Alvin Bragg&#8217;s analysis and possible indictment of former President Trump amounts to an effort to sway the results of a national poll.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Most people anticipated that the Federal Reserve would keep raising interest rates just a few weeks ago.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Former President Donald Trump is the target of an indictment by the city counsel in New York. His condition is disintegrating quickly.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>A U.S. jury has ruled that an online collection run by the nonprofit organization World&#8230; by Nate Raymond and Blake Brittain( Reuters)<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Justin Trudeau, the prime minister of Canada, stated on Friday that he was pleased with his recent ban on &#8230; by Steve Scherer OTTAWA ( Reuters)<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Chinese smartphone manufacturer Xiaomi Corp. announced a 22.8 % decline in fourth-quarter revenue on Friday, reaching 66.05 billion yuan($ 9.6 ).<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>When Cassidy Jacobson was 13 years old, she posted a video of&#8230; by Danielle Broadway and Rollo Ross LOS ANGELES( Reuters )<\/p>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WARSAW (Reuters) \u2013 Moody\u2019s has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from \u201cunder review\u201d citing risks stemming from the legacy of Swiss franc loans at Polish lenders, the agency said. Moody\u2019s has downgraded the long-term issuer ratings of the bank\u2019s mortgage unit mBank Hipoteczny and changed the outlook<\/p>\n","protected":false},"author":66,"featured_media":1904778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[5373,4938,21620,22762,22763,21621,18613],"class_list":["post-1904776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-bank","tag-confirms","tag-downgrades","tag-mbank","tag-millennium","tag-moodys","tag-polands"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1904776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1904776"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1904776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1904778"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1904776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1904776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1904776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}