(ADPnews) - Jan 17, 2011 - S&P today placed on "negative" watch its A long-term rating on Banco BPI SA's (ELI:BPI) public-sector covered bonds.
The move matches the same action the rater took on the Portuguese lender's A-/A-2 ratings on December 3, 2010.
"Reflecting the sole exposure to Portuguese public-sector entities, we believe Banco BPI's public-sector covered bonds carry …
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