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Banco Comercial Portugues

Interest Rate Update/Notice • Sep 21, 2021

1913_iss_2021-09-21_d9125000-ac88-47d2-8533-dc3168d8c03d.pdf

Interest Rate Update/Notice

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21 September 2021

Banco Comercial Português, S.A. informs about the upgrade of deposits ratings by Moody's to Baa2/Prime-2

Banco Comercial Português, S.A. informs that Moody's rating agency upgraded in one-notch BCP's deposits ratings from Baa3/Prime-3 to Baa2/Prime-2, driven by the higher rating uplift for the deposits, stemming from the upgrade of Portugal's sovereign bond rating. This upgrade and the affirmation of the senior unsecured debt ratings of Ba1 reflect the affirmation of BCP' BCA (Baseline Credit Assessment) and Adjusted BCA, Moody's Advanced LGF (Loss Given Failure) analysis and unchanged moderate government support assumptions for BCP.

The outlook on BCP's long-term deposit and senior unsecured debt ratings remains stable, reflecting Moody's view that the bank's creditworthiness will be steady over the outlook horizon.

End of announcement Banco Comercial Português, S.A.