Lisbon, June 12, 2025 (Lusa) - Morningstar DBRS has upgraded Banco Montepio's long-term and senior unsecured debt ratings to “BBB (low)”, placing the institution in investment grade.

"The financial rating agency DBRS Ratings GmbH (Morningstar DBRS) has upgraded Long-Term Issuer Rating and Long-Term Senior Debt rating of Banco Montepio to “BBB (low)”, thereby achieving investment grade status," according to a statement sent to the Portuguese Securities Market Commission (CMVM).

The bank also said that Morningstar DBRS had raised its long-term deposit rating to BBB and its subordinated debt rating to BB, "changing the outlook to stable for all ratings."

Banco Montepio pointed out that this was the fourth consecutive upgrade of the institution's rating by Morningstar DBRS since March 2023, for a total of five levels.

According to the financial rating agency, the bank says, "this new rating upgrade is supported by the sustained improvement in Banco Montepio's risk profile, capitalisation and profitability".

Morningstar DBRS also highlighted the reduction in non-performing assets and the strengthening of capital achieved through organic growth.

JO // CSJ

Lusa/Fim