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DBRS: Banco Comercial Portugues unchanged
DBRS said that Banco Comercial Portugues, SA's BBB (low) senior long-term debt and deposits and R-2 (middle) short-term debt and deposits remain unchanged following the group's first quarter 2012 results.
The trend is negative.
The group reported net income of €40.8 million in the first quarter of 2012, following two consecutive quarters of net losses in the third and fourth quarters of 2011. Net income was down 54.8% from €90.1 million in the first quarter of 2011.
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