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BCP's series 2 mortgage covered bonds assigned final 'AAA' rating - Fitch


Published :
Wed, 31 Oct 2007 10:06
By : Agencies
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MUMBAI (Thomson Financial) - Fitch Ratings said it has assigned its final 'AAA' rating to Banco Comercial Portugues' (BCP) series 2 mortgage covered bonds worth 1 bln eur having an extended maturity until October 2015.

The ratings agency said BCP's second series of Obrigacoes Hipotecarias (OHs), the Portuguese legislative mortgage covered bonds, are issued under a 10 bln eur programme.

Fitch also affirmed the rating on the bank's first covered bonds issue at 'AAA'.

The ratings agency has a 'A+' and 'F1' rating with a stable outlook on Banco Comercial Portugues.

tfn.newsdesk@thomson.com

net/man

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