Fitch maintains ratings on Portugal's BCP

Article Abstract:

Banco Comercial Portugues' (BCP) ratings were maintained at double A-minus long term and F1-plus short-term by Fitch IBCA. Fitch said it would maintain BCP's Rating Alert.

Portugal, Banco Comercial Portugues S.A.

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Core Bank activity at Den Danske drives growth

Article Abstract:

Den Danske Bank will earn a pretax profit at around 4.36 billion kroner (Euro584.6 million) according to a Merrill Lynch financial analyst.

Denmark, Den Danske Bank AF 1871 A/S

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Fitch IBCA cuts ratings of some Russian banks

Article Abstract:

International rating agency Fitch IBCA has downgraded the long-term debt ratings of 10 Russian banks and eliminated them from its RatingAlert negative list. Fitch has also reduced the individual ratings of seven Russian banks, but kept the short-term ratings of 16 Russian banks at single-B. The downgradings show the drop in asset quality, growing liquidity problems and capital constraints suffered by Russian banks. The downgrades also reflect the effect of the crisis in Russia's financial markets on the banks' performances and the threat of devaluation of the ruble.

Comment:

Russia: Fitch IBCA has downgraded the long-term debt ratings of 10 Russian banks and eliminated them from its RatingsAlert

Russia, Article

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