Credibility and safety of mBank Hipoteczny 
confirmed by high ratings

 

The Aa3-level rating of mortgage covered bonds issued by mBank Hipoteczny 
is the highest available rating for financial instrument in Poland.

 

 

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

 

Rating

Perspective

Date of decision

Action taken

Press release

  • Mortgage Covered Bonds

Aa3

-

27-05-2019

assignment

pdf
  • Long-Term Issuer Ratings

Baa2

Stable

30-09-2020

affirmation

pdf
  • Short-Term Issuer Ratings

Prime-2

-

30-09-2020

affirmation

  • Long-Term Counterparty Risk Ratings

A3

-

30-09-2020

affirmation

  • Short-Term Counterparty Risk Ratings

Prime-2

-

30-09-2020

affirmation

  • Long-term Counterparty Risk Assessment

A3(cr)

-

30-09-2020

affirmation

  • Short-term Counterparty Risk Assessment

Prime-2(cr)

-

30-09-2020

affirmation

 

 

 

 

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

 

Latest rating agencies reports:

 

 

 

 

mBank Hipoteczny's Statement regarding substitute collateral

 

Hereby, mBank Hipoteczny declares that, according to its policy, it intends to use treasury bonds issued by the Polish Minister of Finance on behalf of the State Treasury as a Substitute Cover until the long-term foreign currency sovereign credit rating on the Republic of Poland is at the level of ‘A-‘ or higher according to the rating agency Fitch Ratings Ltd scale.

 

In case this rating  is lower than ‘A-‘ according to the rating agency Fitch Ratings Ltd scale, mBank Hipoteczny declares to replace the treasury bonds with other assets, without undue delay, given the time needed to meet the technical requirements necessary to conduct such operation and economic factors related thereto, but no longer than within 30 calendar days from the day of downgrading the Republic of Poland’s rating below the level of ‘A-‘.