Madrid, March 22, 2016 -- Moody's Investors Service has today placed on review for downgrade the following ratings of Banco BPI S.A. (BPI) and its supported entities: (1) the Ba3 long-term senior debt and deposit ratings; (2) the B2 subordinated debt ratings; (3) the (P)B3 junior subordinated programme ratings; (4) the backed Caa1(hyb) preference shares; (5) the bank's baseline credit assessment (BCA) and adjusted BCA of b1; and (6) its long-term Counterparty Risk Assessment (CRA) of Ba2 (cr).

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