S&P lifts, affirms Italian banks

S&P said it raised the long-term and short-term issuer credit ratings to BBB/A-2 from BBB-/A-3 on Intesa Sanpaolo SpA, Mediobanca SpA, Banca Nazionale del Lavoro SpA, and Dexia Crediop SpA with stable outlooks.

The agency also raised the long-term and short-term issuer credit ratings to BBB/A-2 from BBB-/A-3 on UniCredit SpA with a stable outlook.

S&P affirmed the BBB-/A-3 long- and short-term issuer credit ratings on Credito Emiliano SpA and UBI Banca with stable outlooks.

The agency also affirmed the BB-/B long- and short-term issuer credit ratings on Istituto Centrale delle Banche Popolari Italiane with a stable outlook, and affirmed the B/B long- and short-term ratings on Mercury BondCo plc with a negative outlook.

“The positive rating actions mostly reflect the Republic of Italy's enhanced creditworthiness and our view that Italian banks now face lower economic risks,” the agency said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.