|
|
 |
|
Viewing report
|
|
|
|
Banca Nazionale del Lavoro SpA Upgraded To 'A-'; 'A-2' Affirmed; Off Watch Neg; Outlook Stable
Standard & Poors, Jan 2006
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
MILAN (Standard & Poor's) Jan. 11, 2005--Standard & Poor's Ratings Services said today that it raised its long-term counterparty credit rating on Italian bank Banca Nazionale del Lavoro SpA (BNL) to 'A-' from 'BBB+'. At the same time, the 'A-2' short-term counterparty credit rating was affirmed. The outlook is stable. The ratings were removed from CreditWatch, where they had been initially placed on March 21, 2005, with positive implications; the implications were revised to developing on July 19, 2005, and subsequently to negative on July 27, 2005 (see 'Research Update: Banca Nazionale del Lavoro SpA CreditWatch Implications Revised To Negative From Developing,' published July 27, 2005, on RatingsDirect). The removal of ratings from CreditWatch follows the Bank of Italy's rejection...
Companies mentioned in this report are: Banca Nazionale del Lavoro SpA (former),Unipol Gruppo Finanziario SpA
Action: Outlook: Stable
Action: Removed From CreditWatch
Action: Upgraded
|
|
|
|
