Fitch shifts BNP Paribas view to stable

Fitch Ratings said it revised BNP Paribas SA's outlook to stable from negative and affirmed the bank's long-term issuer default rating at A+.

“The revision of the outlook primarily reflects Fitch's view that downside risks to BNPP's earnings, capitalization and asset quality have receded, supported by improved macro-economic prospects in the group's main markets, including France, Italy, Belgium and the U.S. We expect BNPP's earnings in 2021 and 2022 to remain consistent with the group's long-term average levels,” the agency said in a press release.

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