Ratings

Credibility and safety of mBank Hipoteczny
confirmed by high ratings

Moody's Investors Service has assigned rating Aa1 to mortgage covered bonds

issued by mBank Hipoteczny S.A.

mBank Hipoteczny S.A. has been assigned the following ratings by Moody's Investors Service:

	Rating	Perspective	Date of decision	Action taken
Mortgage Covered Bonds	Aa1	-	10-04-2025	affirmation
Long-Term Issuer Ratings	Baa1	stable	10-04-2025	upgrage outlook change
Short-Term Issuer Ratings	Prime-2	-	10-04-2025	affirmation
Long-Term Counterparty Risk Ratings	A2	-	10-04-2025	upgrade
Short-Term Counterparty Risk Ratings	Prime-1	-	10-04-2025	upgrade
Long-term Counterparty Risk Assessment	A2(cr)	-	10-04-2025	upgrade
Short-term Counterparty Risk Assessment	Prime-1(cr)	-	10-04-2025	upgrade

Information on mBank Hipoteczny's current ratings can be found at the link here.

Scale of ratings by Moody's Investors Service:

long-term international, covered bonds ratings: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C
short-term international: Prime-1, Prime-2, Prime-3, Not Prime
numerical modifiers: 1, 2, 3 (modifier 1 - the higher rating category, 3 - the lower rating category) to each generic rating classification from Aa through Caa