(Alliance News) - Banco BPM Spa on Thursday reported that the DBRS Morningstar rating agency has revised the trend of the long-term and short-term Issuer ratings and the long-term and short-term Senior Debt ratings of Banco BPM and its subsidiary Banca Akros from "Stable" to "Positive."

All key ratings have been confirmed in the investment grade category and a "Stable" Trend has been maintained for the long-term and short-term deposit ratings, which are conditioned by Italy's sovereign rating - BBB high with a Stable Trend - and are all positioned one notch above their respective Issuer ratings.

"The confirmation of all key ratings in the investment grade category reflects Banco BPM's deep-rooted franchise in Italy, reinforced by ongoing measures to further consolidate the business model. In addition, the ratings continue to be supported by the Group's strong funding and liquidity profile as well as solid capital position," reads Banco BPM's statement.

Banco BPM on Thursday trades in the green by 1.1 percent at EUR6.33 per share.

By Maurizio Carta, Alliance News reporter

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