INTESA SANPAOLO: MOODY’S PLACES LONG-TERM RATING ON REVIEW FOR A POSSIBLE UPGRADE
Turin - Milan, March 18th 2015 – Intesa Sanpaolo announces that Moody’s has placed the Bank’s long-term rating on review. This rating action follows the introduction of Moody’s new bank rating methodology which was published on March 16th 2015.
Moody’s has provided preliminary indication of the outcome after the review conclusion, leading to a one-notch upgrade of Intesa Sanpaolo’s long-term rating to ‘Baa1’ from the current ‘Baa2’.
The ‘P-2’ short-term rating has been affirmed. The standalone Bank Financial Strength Rating (BFSR) has been withdrawn.
Last updated 18 March 2015 at 09:12