Fitch Affirms BCP's Credit Rating at 'BBB-'; Outlook Stable
Banque de Commerce et de Placements SA (BCP) is pleased to report that Fitch has reaffirmed its rating at 'BBB-' with a Stable Outlook.
According to Fitch Ratings: "The bank has demonstrated sound execution and effective risk management over a long period as it successfully navigated economic cycles and changing operating conditions in some of its key markets. The ratings also benefit from its longstanding expertise, a more conservative risk profile than trade-finance peers, including a consistent ability to adapt to changing market conditions."
For more information about BCP’s latest rating and key rating drivers, including its established franchise and sound execution, conservative risk approach, better asset quality than peers, sound profitability, comfortable capital buffers, as well as strong liquidity buffer, please refer to Fitch Ratings’ rating action commentary: Fitch Affirms BCP at 'BBB-'; Outlook Stable (fitchratings.com)
