Xcode 7.2 no matching provisioning profiles found

Before upgrading Xcode to 7.2, I was using Xcode 7.1.1 to build and distribute apps. I have upgraded to Xcode 7.2 and none of my provisioning profiles (matched to that particular app's bundle ID) match my installed certificates that were working in Xcode 7.1.1.

I only get:

Your build settings specify a provisioning profile with the UUID “some_number”, however, no such provisioning profile was found.

I have tried regenerating a .certSigningRequest to generate a new Certificate and Profile and made sure the Team in the General tab of the target is correct. Whenever I select a Provision Profile, all of my Code Signing Identities appear in the Identities in Keychain, but none of them will pair correctly.

It seems setting the Provision Profile to Automatic and the Code Signing Identity to iOS Developer will resolve this error, but the advantage of managing my Provisioning Profiles is gone as I believe Xcode then manages these.

Any thoughts on why setting my Provisioning Profiles and Code Signing Identities to anything but Automatic and iOS Developer produces this error?

I also had some problems after updating Xcode.

I fixed it by opening Xcode Preferences (⌘+,), going to Accounts → View Details. Then select all provisioning profiles and delete them with backspace (note: they can't be removed in Xcode 7.2). Restart Xcode, else the list doesn't seem to update properly.

Now click the Download all button, and you should have all provisioning profiles that you defined in the Member center back in Xcode. Don't worry about the Xcode-generated ones (Prefixed with XC:), Xcode will regenerate them if necessary. Restart Xcode again.

Now go to the Code Signing section in your Build Settings and select the correct profile and cert.

Why this happens at all? No idea... I gave up on understanding Apple's policies regarding app signing.

Try restarting XCode first, before trying these other answers. I was about to follow the advice given in other answers, then noticed multiple people saying that restarting XCode was necessary after all the steps. All I did was restart XCode and it fixed the problem. Who knows if it'll fix the problem for you, but it's worth a shot before trying the other solutions. I'm on XCode 7.2.1.