Home Business Banco BPM: DBRS Morningstar raises Trend from negative to positive

Banco BPM: DBRS Morningstar raises Trend from negative to positive

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DBRS Morningstar has revised, from Negative to Positive, the Trend of the Long-term ratings and Issuer Ratings of Banco BPM SpA and Banca Akros as well as their respective long-term ratings on Deposits. All ratings assigned to the Group have been confirmed, including BBB (low) for long-term ratings on Senior Debt and Issuer Rating as well as BBB for long-term ratings on Deposits.

The trend change reflects DBRS’s view of a reduction in the implications of Covid-related risk for the operating environment in Italy, together with the recognition of Banco BPM’s strong track record during the pandemic, including the significant improvements achieved in credit quality as well as in the improvement of the Group in the overall capital position.

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