Moody's could cut Banca Padovana

Moody's Investors Service said it placed the Ba2 long-term deposit rating of Banca Padovana and its standalone D- bank financial strength rating, mapping to a Ba3 standalone baseline credit assessment, on review for downgrade.

Moody's said the review of the bank's standalone credit assessment reflects its concern that the bank could fail without group support, given its very fragile financial profile. The review of the bank's debt and deposit ratings follows the review of the bank's standalone credit assessment.

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