BPCE: LT rating upgraded to A+ by S&P
(CercleFinance.com) - BPCE announces that Standard & Poor's has upgraded its long-term rating to A+ with a stable outlook, vs.
A with a stable outlook.
This decision recognizes the Group's ability to build up 'safety cushions' to reinforce its financial strength.
The A+ stable outlook rating places the Group at the highest European standard and will contribute to the development of its businesses within the framework of the 'VISION 2030' strategic project.
In July, Moody's confirmed its long-term A1 rating (stable outlook) for Groupe BPCE. Meanwhile, Fitch and R&I have also awarded Groupe BPCE a long-term A+ stable outlook rating.
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A with a stable outlook.
This decision recognizes the Group's ability to build up 'safety cushions' to reinforce its financial strength.
The A+ stable outlook rating places the Group at the highest European standard and will contribute to the development of its businesses within the framework of the 'VISION 2030' strategic project.
In July, Moody's confirmed its long-term A1 rating (stable outlook) for Groupe BPCE. Meanwhile, Fitch and R&I have also awarded Groupe BPCE a long-term A+ stable outlook rating.
Copyright (c) 2024 CercleFinance.com. All rights reserved.