mBank SA earns outlook upgrade to stable from negative S&P

Market news

14 March 2016

mBank SA earns outlook upgrade to stable from negative S&P

The rating agency Standard & Poor's Rating Services (S&P) changed its outlook for mBank SA (WSE: MBK) from negative to stable due to a similar change in the outlook for Commerzbank AG, the bank said.

mBank S.A. had a negative outlook from 3 February this year.

On March 7, mBank received a rating upgrade to 'BBB' from 'BBB-' from Fitch rating agency following the upgrade of Commerzbank AG.

mBank SA is a unit of German Commerzbank AG which holds 69,49% of shares.

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