Standard & amp; Poor’s said it had downgraded BNP Paribas from A + to A in holding that the financial policy of the banking group was “more tense” than that of its peers.
“BNP Paribas has recently clarified its financial plans, we assessed the impact on the capitalization of the bank (…) and its additional capacity to absorb losses (ALAC),” said the rating agency in a release.
“According to information we have to date, we believe the ALAC able to BNPP will not reach 5% by the end 2018 threshold necessary to receive additional rating notch. we believe the ALAC trajectory BNPP is less robust than that of its peers, including Europe. “
the perspective attached to the note A is stable, the agency said. The short-term rating A-1 is confirmed. The rating agency added that it reserved the right to further deterioration if the bank does not carry out a capital increase in two years.
(With Reuters)
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