Banco Comercial Portugues (GB:0RJN) has released an update.
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Banco Comercial Português (BCP) has received an upgrade in its credit ratings from Morningstar DBRS, citing improved earnings, capital generation, and asset quality along with a reduction in non-performing exposures. The stable outlook is attributed to balanced risks, with expectations of sustained profitability and strong capital buffers despite ongoing legal and financial challenges from CHF-indexed mortgages in its Polish subsidiary.
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