S&P Upgrades Banco Comercial Português’s Debt Rating to BBB+

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.