Banco Comercial Portugues ( (GB:0RJN) ) just unveiled an update.
S&P Global has upgraded Banco Comercial Português’s senior unsecured debt ratings from BBB to BBB+, with a stable outlook. This upgrade is attributed to BCP’s improved capitalization, supported by reduced economic risks in Portugal and a sovereign upgrade, positioning the bank on par with its peers. The stable outlook indicates confidence in BCP’s ability to maintain its solid retail franchise and manage asset quality effectively, ensuring continued efficiency better than international peers.
More about Banco Comercial Portugues
Banco Comercial Português, S.A. (BCP) is the largest private bank in Portugal, focusing on retail banking services. It is known for its strong earnings capacity and efficiency compared to international peers.
YTD Price Performance: 15.22%
Average Trading Volume: 7,083,990
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €7.89B
Learn more about 0RJN stock on TipRanks’ Stock Analysis page.