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WARSAW (Reuters) – Moody’s has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from “under review” citing risks stemming from the legacy of Swiss franc loans at Polish lenders, the agency said.
Source: https://www.shorenewsnetwork.com/2023/03/25/moodys-downgrades-polands-mbank/
What's at stake in Poland's Swiss franc case?
While it fell to new lows for the year against the US dollar, it fell to a record low against the Swiss franc, 15-year lows against the euro, and more than a seven-year low against sterling.