Share Name Share Symbol Market Type Share ISIN Share Description
Banco Comercial Portugues Sa LSE:0RJN London Ordinary Share PTBCP0AM0015 BANCO COMERCIAL PORTUGUES ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 € +0.00% 0.20465 € 0.1986 € 0.2077 € - - - 0 08:00:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Banco Comercial Port Banco Comercial Português, S.A. Informs About Upgrade Of Issuer Rating To Investment Grade, Made By Dbrs

03/06/2019 9:31am

UK Regulatory (RNS & others)


 
TIDMBCP 
 
 
   Banco Comercial Português, S.A. informs about upgrade of issuer 
rating to investment grade, made by DBRS 
 
   Banco Comercial Português, S.A. ("BCP") informs that DBRS Ratings 
GmbH (DBRS) has upgraded the following rating ratings assigned to BCP: 
 
   --Intrinsic Assessment to BBB (low), from BB (high); 
 
   --Issuer rating to BBB (low) / R-2 (middle), from BB (high) / R-3; 
 
   --Senior debt to BBB (low) / R-2 (middle), from BB (high) / R-3; 
 
   --Deposits to BBB / R-2 (high), from BBB (low) / R-2; 
 
   --Critical obligations rating to BBB (high) / R-1 (low), from BBB / R-2 
(high); 
 
   --Senior non-preferred to BB (high), from BB; 
 
   --Subordinated debt to BB, from BB (low); 
 
   --AT1 to B, from B (low). 
 
   The trend on these ratings, after this rating decision, is Stable. 
 
   This action by DBRS reflects BCP's profitability improvement, supported 
by improving results in Portugal, maintenance of good efficiency levels, 
reduction of cost of risk and BCP accelerated reduction of NPEs. 
 
   End of announcement 
 
   Banco Comercial Português, S.A. 
 
   Attachment 
 
 
   -- 2019 06 03 Upgrade da DBRS_EN 
      https://ml-eu.globenewswire.com/Resource/Download/a5d90e67-4ea3-44b7-b8cb-e051a92793eb 
 
 
 
 
 

(END) Dow Jones Newswires

June 03, 2019 04:31 ET (08:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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