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Banco BPM SpA
Capital/Financing Update • Apr 3, 2024
4282_rns_2024-04-03_58cd215f-bf8f-44d0-b287-e664f35ee659.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 1928-33-2024 |
Data/Ora Inizio Diffusione 3 Aprile 2024 08:27:10 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | BANCO BPM | |
| Identificativo Informazione Regolamentata |
: | 188457 | |
| Utenza - Referente | : | BANCOBPMN03 - Marconi | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 3 Aprile 2024 08:27:10 | |
| Data/Ora Inizio Diffusione | : | 3 Aprile 2024 08:27:10 | |
| Oggetto | : | Moody's affirms the investment grade assessment for all of Banco BPM's key ratings |
|
| Testo del comunicato |
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PRESS RELEASE
Moody's affirms the investment grade assessment for all of Banco BPM's key ratings
This affirmation follows the upgrade undertaken in November 2023, reflecting the Group's significant strengthening in its financial profile, in particular in terms of asset quality, profitability, capital position, liquidity and funding
The Outlook of the key long-term ratings remains Stable
Milan, 3 April 2024 – It is noted that, yesterday evening, the rating agency Moody's Investors Service affirmed all key ratings and assessments of Banco BPM in the investment grade category, including:
| - | Long-Term Deposit rating: | Baa1 |
|---|---|---|
| - | Long-Term Senior Unsecured Debt rating: | Baa2 |
| - | Baseline Credit Assessment (BCA): | baa3 |
The affirmation of Banco BPM's ratings follows the upgrade undertaken by Moody's on 22nd November (+2 notches for both the BCA and the Long-term Senior Unsecured Debt rating and +1 notch for the Long-Term Deposit rating), which saw the recognition by Moody's of the significant strengthening of the Group's financial profile, in particular in terms of asset quality and profitability, together with the strengthened capital position as well as the solid liquidity and funding profile.
The Outlook on Banco BPM's key long-term ratings remains Stable.
For further details, please refer to the press release issued by Moody's.
For information:
Media Relations e-mail: [email protected] Investor Relations e-mail: [email protected]
| Fine Comunicato n.1928-33-2024 | Numero di Pagine: 3 |
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