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Bank Millennium SAFitch downgrades rating outlook for Millennium lender's mortgage unit to negative
Fitch rating agency has downgraded listed lender Bank Millennium mortgage unit's long-term foreign- and local-currency Issuer Default Ratings (IDRs) for mortgage bonds outlook to negative, the agency said in a statement. The rating for the bank's covered bonds has been upheld at AAA.
As stated, the change in the rating outlook is a consequence of the revision of Poland's domestic currency rating outlook in the long-term issuer default rating (LT IDR) category from ‘stable’ to ‘negative’.
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