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DBRS rates Monte dei Paschi notes A
DBRS said it rated Banca Monte dei Paschi di Siena SpA’s €1 billion of fixed-rate 2% series 46 legislative covered bonds due April 2026. The notes were issued under the bank’s €20 billion covered bond program guaranteed by MPS Covered Bond 2 Srl.
The agency said all the bonds sold under the program rank equally, and it rates them A.
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