DBRS alters Bankinter trends to stable

DBRS said it confirmed the ratings of Bankinter SA, including the long-term issuer rating of A (low), and revised the trend to stable from negative.

“The change of the trend to stable from negative reflects DBRS Morningstar’s view that the financial disruption on Bankinter resulting from Covid-19 has been less than anticipated. Asset quality deterioration has been contained, although asset quality risks do remain, following the full removal of government support measures, although DBRS Morningstar expects the bank to be able to manage any deterioration during 2022,” the agency said in a press release.

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