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Bper Banca Capital/Financing Update 2021
4395_rns_2021-09-01_fe2a188d-e923-4ad0-a38b-5341a3e3e249.pdf
Capital/Financing Update
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PRESS RELEASE
Fitch upgrades BPER's ratings Deposit rating upgraded to Investment Grade IDR upgraded to BB+
Modena - 1 September 2021. 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.
The key ratings assigned by Fitch to BPER Banca are listed below:
| Rating Class | Previous Rating | Rating Action | Current Rating |
|---|---|---|---|
| Long-term Issuer Default Rating (outlook) | BB (Stable) | Upgrade | BB+ (Stable) |
| Long-term Deposit Rating | BB+ | Upgrade | BBB |
| Viability Rating | bb | Upgrade | bb+ |
| Senior unsecured debt | BB | Upgrade | BB+ |
| Subordinated debt | B+ | Upgrade | BB- |
The original text of the press release published by Fitch Ratings is available on the rating agency's website (www.fitchratings.com).
BPER Banca S.p.A.
BPER Banca S.p.A., Head Office: Via San Carlo 8/20, Modena - Tax Code and Modena Companies Register no. 01153230360 – Company belonging to the BPER BANCA VAT GROUP, VAT no. 03830780361 – Share capital Euro 2,100,435,182.40 - ABI Code 5387.6 - Register of Banks no. 4932 - Member of the Interbank Deposit Guarantee Fund and of the National Guarantee Fund - Parent Company of the BPER Banca S.p.A. Banking Group - Register of Banking Groups no. 5387.6 - Tel. +39 059.2021111 - Telefax +39 059.2022033 - email: [email protected] - Certified e-mail (PEC): [email protected] - bper.it – istituzionale.bper.it
Contacts:
Investor Relations [email protected] External Relations and CSR [email protected]
www.bper.it – https://istituzionale.bper.it/
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