DBRS Morningstar upgrades trend for Banca Sella Holding and Banca Sella from stable to positive
Press release
DBRS Morningstar rating agency has upgraded the trend from stable to positive for Banca Sella Holding and Banca Sella, and confirmed all ratings, including the long-term issuer rating at BBB (low) and the deposit rating at BBB.
The assessment reflects the continued strengthening of credit quality and is supported by the Group’s stable liquidity position and adequate capital buffers over supervisory requirements.
DBRS Morningstar believes that the Group’s high level of diversification towards fee and commission income generating businesses will help to support profitability in the medium term, even in more uncertain economic environments. The agency also recognizes that Sella is at the forefront of the ongoing digital transformation in the banking sector, and that the investments made so far in innovation could support potential future profitability growth.
The full press release of the DBRS Morningstar is available on the agency’s website (https://dbrs.morningstar.com/).