Fitch revises watch on Monte dei Paschi bonds to evolving

Fitch Ratings said it revised the rating watch on Banca Monte dei Paschi di Siena SpA’s Italian mortgage covered bonds' (obbligazioni bancarie garantite, OBG) A+ rating to evolving from negative. The conditional pass-through (CPT) OBG are guaranteed by MPS Covered Bonds Srl.

The change follows the revision of the rating watch on the bank, the agency said.

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