Oct 17 - Fitch Ratings has affirmed Caixa Economica Montepio Geral's
(Montepio, 'BB'/Negative/'B') Obrigacoes Hipotecarias (OH, mortgage covered
bonds) at 'BBB-', Negative Outlook following a periodic review of the programme.
The rating is based on Montepio's Long-term Issuer Default Rating (IDR) of 'BB',
the Discontinuity Cap (D-Cap) of 0 (full discontinuity) and the
overcollateralisation (OC) of 35% that Fitch takes into account in its analysis.
In terms of sensitivity of the covered bonds'