S&P Global Ratings upgraded Banco BPM’s long-term issuer rating from BBB to BBB+ and assigned a Positive outlook.
Key facts
- Long-term issuer rating: BBB+, from BBB
- Outlook: Positive
- Resolution counterparty rating: A-, from BBB+
- Stand-alone credit profile: bbb, from bbb-
- Short-term rating affirmed: A-2
S&P cited Banco BPM’s restored risk-adjusted capital after the cash-funded Anima acquisition, successful integration and delivery against strategic targets. All agencies covering the bank now place its issuer rating at the upper end of the BBB category.
The company
Banco BPM is one of Italy’s leading banking groups and is listed on Euronext Milan.
Source: Banco BPM release dated 29 September 2026.