BPER Banca informs that Fitch Ratings has today upgraded the company's ratings. In particular, the long-term deposit rating was upgraded from 'BB+' to Investment Grade 'BBB-' and the long-term issuer rating was upgraded from 'BB' to 'BB+', with the outlook confirmed as 'Stable'.
The upgrade reflects, on the one hand, BPER's adequate capitalisation, combined with a material improvement in asset quality driven by a significantly lower non-performing loan ratio. On the other, it reflects the benefits in terms of competitive position, volumes and profitability prospects arising from the acquisition of the going concern from Intesa Sanpaolo.
BPER Banca S.p.A. published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 17:21:01 UTC.