Profil:
Bank Millennium SAMoody's upgrades Bank Millennium rating to Baa1, outlook switched to positive
Moody's rating agency, following an adoption of updated banks methodology, has upgraded listed lender Millennium's long-term deposit ratings to Baa1 from Baa2, while changing the outlook to stable from positive, the bank announced in a market filing. Moody's has decided to maintain ratings for short-term deposits at P-2.
Additionally, Moody's upgraded the bank's Baseline Credit Assessment [BCA] to ba1 from ba2, its Adjusted BCA to baa3 from ba1, its junior senior unsecured (also referred to as "senior non-preferred) bond and MTN programme ratings to Baa3 and [P]Baa3 respectively from Ba1/[P]Ba1, its long-term Counterparty Risk Ratings [CRR] to A3 from Baa1 and its long-term Counterparty Risk [CR] Assessment to A3[cr] from Baa1[cr].
The bank's short-term CRRs and CR Assessment were affirmed at P-2.
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