Fitch alters Metro Bank view to positive

Fitch Ratings said it assigned positive outlooks to Metro Bank Holdings plc (MBH) and Metro Bank plc after affirming their ratings and ending the rating watch evolving on them.

The rating actions follow the approval by MBH's shareholders on Nov. 27, 2023, of an equity raise of £150 million, which will be followed shortly thereafter by the issue of £175 million senior holdco debt and refinancing of £600 million debt. These transactions will materially strengthen MBH's capital and minimum requirement for own funds and eligible liabilities (MREL) ratios to above regulatory minimum requirements,” Fitch said in a press release.

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