AI assistant
Bper Banca Capital/Financing Update 2024
4395_rns_2024-06-17_ae9301ab-ab68-4aa6-8395-9c91404a18c0.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
PRESS RELEASE
DBRS MORNINGSTAR REVISES TREND ON BPER BANCA TO POSITIVE FROM STABLE ALL RATINGS CONFIRMED AS INVESTMENT GRADE
Modena, 17 June 2024 – BPER Banca informs that credit rating agency DBRS Morningstar has revised the Bank's Long-Term and Short-Term Issuer Ratings and Long-Term and Short-Term Senior Debt ratings to positive from stable.
The key ratings assigned by DBRS Morningstar to BPER Banca are listed below:
| Rating Class | Previous Rating |
Previous Trend |
Current Rating |
Current Trend |
|---|---|---|---|---|
| Long-Term Issuer Rating | BBB | Stable | BBB | Positive |
| Short-Term Issuer Rating | R-2 (high) | Stable | R-2 (high) | Positive |
| Long-Term Senior Debt | BBB | Stable | BBB | Positive |
| Short-Term Debt | R-2 (high) | Stable | R-2 (high) | Positive |
| Long-Term Deposits | BBB (high) | Stable | BBB (high) | Stable |
| Short-Term Deposits | R-1 (low) | Stable | R-1 (low) | Stable |
| Subordinated Debt | BB (high) | Stable | BB (high) | Positive |
| Senior Non-Preferred Debt | BBB (low) | Stable | BBB (low) | Positive |
The positive rating action reflects the improvement in the Bank's ability to generate recurring earnings, improved operating efficiency and lower credit costs. The confirmation of the credit ratings as Investment Grade reflects the Bank's well established and more diversified franchise in Italy resulting from recent integrations. The Bank's ratings also continue to be sustained by its adequate capital, funding and liquidity position.
DBRS Morningstar's press release with a full list of the ratings assigned to BPER Banca can be found on the rating agency's website (dbrsmorningstar.com).
BPER Banca S.p.A.
Contacts:
Investor Relations [email protected] External Relations [email protected]
This press release is also available in the storage system.