Banco Comercial Portugues (GB:0RJN) has released an update.
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Banco Comercial Português, S.A. (BCP) has received an upgrade in its financial ratings from Morningstar DBRS, with its deposits rating increased to A (low) and senior unsecured debt to BBB (high). This positive change reflects BCP’s enhanced profitability, stronger capitalization, and improved asset quality through reduced non-performing exposures. The stable outlook suggests balanced future risks, with expectations of sustained profitability and solid capital reserves despite high provisioning costs related to Swiss franc-indexed loans in Poland.
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