INTESA SANPAOLO: MOODY’S LOWERS THE BANK’S RATINGS
Torino, Milano, May 15th 2012 – Intesa Sanpaolo announces that Moody’s, as part of a broader review of Italian banks’ ratings, has lowered the Bank’s long- and short-term ratings to ‘A3’/‘P-2’ respectively, from ‘A2’/‘P-1’, and its standalone bank financial strength rating (BFSR) to ‘C-’ from ‘C+’. The outlook on the BFSR and the long-term rating is negative.
Intesa Sanpaolo’s long- and short-term ratings are now at the same level as, and capped at, the Italian sovereign ratings.
Last updated 15 May 2012 at 08:59