FITCH rating reaffirmed at ‘BBB-‘, Outlook revised to Stable
We are proud to announce that Fitch reaffirmed BCP’s rating at “BBB-“ and revised the outlook to “Stable”.
This rating reflects BCP's longstanding expertise and strong niche franchise in the CTF industry, while implementing a prudent and adequate risk management approach, and successfully adapting to geopolitical challenges. BCP has indeed, despite a disrupted operating environment and economic slowdown, maintained a solid and healthy performance during the period under review. The rating is further underpinned by several key qualitative factors such as BCP’s adaptive business model, consistent strategy and experienced management.
FitchRatings’ full report, published on November 2d 2022, may be accessed on FitchRatings’ website : Banque de Commerce et de Placements SA (fitchratings.com)