DBRS Confirms CEMG’s Long-Term Ratings at BB, Trend Remains Negative
DBRS Ratings Limited (DBRS) confirmed the ratings of Caixa Económica Montepio Geral, S.A. (CEMG or the Bank), including its Long-Term Issuer Rating at BB and the Short-Term Issuer Rating at R-4. The trend on the Long-Term ratings remains Negative while the trend on the Short-term ratings is Stable. The Banks’s Intrinsic Assessment (IA) has been maintained at BB and the Support Assessment remains at SA3. See the full list of ratings in the table at the end of this press release.
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