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Banca Popolare Asolo E Montebelluna's 'BBB+'/'A-2' Ratings Affirmed; Outlook Stable Aug 99
Standard & Poors, Aug 1999
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
PARIS (Standard & Poor's CreditWire) Aug. 16, 1999--Standard & Poor's today affirmed its triple-'B'-plus long-term and 'A-2' short-term counterparty credit and certificate of deposit ratings on Banca Popolare Asolo E Montebelluna SCRL (BPAM). The outlook remains stable. The ratings affirmation followed the Bank of Italy's authorization of BPAM's decision to incorporate Credito Cooperativo del Piave e del Livenza (CCPL, unrated). CCPL is a small local cooperative bank based in Treviso, an export-oriented province in the northeast of Italy characterized by strong economic dynamism. At year-end 1998, CCPL's total assets stood at Italian lira (ITL) 366 billion (US$221 million, at ITL1,659 to US$1), its loan portfolio totaled ITL264 billion, its customer deposits ITL295 billion, and its equity base ITL30 billion. Owing...
Companies mentioned in this report are: Veneto Banca S.C.P.A.
Action: Affirmed
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