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Banca Nazionale del Lavoro And Compagnia Assicuratrice Unipol Remain On CreditWatch Negative
Standard & Poors, Oct 2005
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) Oct. 18, 2005--Standard & Poor's Ratings Services today commented on its CreditWatch placement of Italy-based companies Banca Nazionale del Lavoro SpA (BNL) and Compagnia Assicuratrice Unipol SpA (Unipol). The 'BBB+' long-term and 'A-2' short-term counterparty credit ratings on BNL and the 'A-' long-term counterparty credit and insurer financial strength ratings on Unipol remain on CreditWatch with negative implications, where they had originally been placed on July 27, 2005, and June 3, 2005, respectively. The ratings on BNL were initially placed on CreditWatch with positive implications on March 21, 2005, following the announcement by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA; AA-/Stable/A-1+) of its possible bid for BNL. The implications were revised to developing on July 19, 2005,...
Companies mentioned in this report are: Banca Nazionale del Lavoro SpA (former),Unipol Gruppo Finanziario SpA
Action: CreditWatch Update
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