Uncertainty Remains for Polish Banks after ECJ Ruling on Swiss Franc Mortgages
DBRS Morningstar considers the impact of the European Court of Justice (ECJ) ruling over a dispute on a mortgage loan specified in Polish złotys (PLN) but indexed to the Swiss franc (CHF) increases the risk of provisions for Polish lenders from the conversion of the mortgages in foreign currency. This is due to DBRS anticipating a potential increase in litigation in Poland relating to these mortgages.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.