DBRS Discontinues Ratings of BCP Madeira Branch

DBRS, Inc. (DBRS) has today discontinued the ratings of BCP Madeira Branch, as it is no longer listed as an issuing entity within Banco Comercial Português, S.A.’s (BCP) EUR 25 billion Euro Note Programme.

BCP’s ratings, including its Senior Long-Term Debt & Deposit rating of BBB (low), with a Negative trend, and Short-Term Debt & Deposit rating of R-2 (middle), with a Negative trend, are unaffected by today’s action.

Notes:
All figures in Euros (EUR) unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organizations. Other methodologies used include the DBRS Criteria – Intrinsic and Support Assessments, Rating Bank Subordinated Debt and Hybrid Instruments with Discretionary Payments, and Rating Bank Preferred Shares and Equivalent Hybrids. All can be found on the DBRS website under Methodologies.

The sources of information used for this rating include the issuer. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Lisa Kwasnowski
Rating Committee Chair: Alan G. Reid
Initial Rating Date: 10 June 2011
Most Recent Rating Update: 5 December 2012

For additional information on this rating, please refer to the linking document under Related Research.