Fitch Affirms Banque de Commerce et de Placements at 'BBB-'; Outlook Stable
Fitch Ratings has affirmed Banque de Commerce et de Placements SA's (BCP) Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. It has also affirmed BCP's Viability Rating (VR) at 'bbb-'.
BCP's ratings primarily reflect its established trade finance franchise and manageable exposure to emerging markets. The bank has shown sound execution and effective risk management through the cycle. This has resulted in healthy asset quality and stable earnings generation, despite changing operating conditions in some of its key markets. The ratings also benefit from BCP's more limited risk appetite and stronger capitalisation than that of its trade finance peers.
Link: Fitch Affirms Banque de Commerce et de Placements at 'BBB-'; Outlook Stable
