Fitch changes Groupe BPCE to positive

Fitch Ratings said it revised Groupe BPCE's outlook to positive from stable and affirmed its long-term issuer default rating at A, short-term issuer default rating at F1 and viability rating at a.

Fitch said the outlook revision reflects Groupe BPCE’s improving capitalization and higher new common equity Tier 1 (CET1) ratio target, strong execution of its 2014-2017 strategic plan and ability to generate recurring earnings despite an unfavorable interest rate environment.

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