Creditreform Rating has affirmed the rating of Caixa Geral de Depositos S.A. (Group) at BBB. However, Creditreform Rating has revised the outlook from watch negative to stable. Moreover, Creditreform Rating has also affirmed the rating of Preferred Senior Unsecured Debt at BBB and the rating of Non-Preferred Senior Unsecured Debt at BBB-. The rating of Tier 2 Capital was upgraded from BB to BB+ and the rating of Additional Tier 1 Capital was upgraded from BB- to BB. For more details regarding the rating, we refer to our rating report on our homepage.
Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
Creditreform Rating has set the rating of Caixa Geral de Depósitos, S.A. (Group) to BBB. The outlook is stable. Creditreform Rating has also determined the ratings of the bank capital and debt classes as follows. The rating of Additional Tier 1 was set to BB-, the rating of Tier 2 was set to BB, the rating of Non-Preferred Senior Unsecured debt was set to BBB- and the rating of the Preferred Senior Unsecured was set to BBB.