Rating agency DBRS no longer to ‘rate’ Millennium bcp bonds

Portugal’s bank Millennium bcp has informed the securities regulator CMVM that its covered bonds will no longer be rated by the Canadian ratings agency Morningstar DBRS at its own request as of April 1. The bank gave no reason for the withdrawal.

BCP adds that its bonds will continue to be rated by both Moody’s and Fitch. These bonds have a Aaa and AAA rating respectively.