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DBRS upgrades Caixa Geral de Depósitos following sovereign upgrade

DBRS on Oct. 8 upgraded Portuguese bank Caixa Geral de Depósitos SA's long- and short-term deposit ratings to BBB(high)/R-1 (low), following the upgrade of Portugal's long- and short-term issuer ratings.

The trends on all the ratings are stable.

The agency also upgraded CGD France branch's long- and short-term deposit ratings to BBB(high)/R-1 (low), with stable trends on the ratings.