16.01.2003
Higher rating for Bank Millennium SA
The Management Board of Bank Millennium S.A. ("the Bank") announces that on January 15, 2003 it received a statement from Moody's Investors Service Ltd. rating agency informing about an upgraded long deposit rating of the Bank by 1 grade from Baa1 to A3 (7th position in 21 grade scale) and about an upgraded short-term deposit rating by 1 grade from Prime2 to Prime1 (1st position in 4 grade scale).
The agency maintained D financial strength rating of the Bank (10th position in 13 grade scale).
Moody's decided to raise rating of Bank Millennium SA taking into account rating of it's major shareholder, Banco Commercial Portugues (A1/P-1).