- Language: English
- Published: July 2012
- Region: Italy
Dexia Crediop Ratings Lowered To 'A-/A-2' On Structurally Weaker Profitability Prospects; Outlook Developing Oct 10
- Published: October 2010
- Standard & Poors
Italian bank Dexia Crediop's long-term profitability prospects from lending to Italian local authorities have structurally weakened due to lower business volumes and higher long-term funding costs. Deleveraging costs are also lowering the bank's profitability. We continue to view Dexia Crediop as strategically important to Dexia group's core banks. We are lowering our long- and short-term counterparty credit ratings on Dexia Crediop to 'A-/A-2' from 'A/A-1'. The developing outlook reflects the possibility that we could raise or lower the ratings by one notch following the change of ownership after its planned disposal by Dexia group. MILAN (Standard & Poor's) Oct. 28, 2010--Standard & Poor's Ratings Services said today that it lowered its long- and short-term counterparty credit ratings on Italian bank...
Companies mentioned in this report are: Dexia Crediop SpA,Crediop Overseas Bank Ltd.
Action: Outlook: Developing
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Research type: News
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Dexia Crediop SpA,Crediop Overseas Bank Ltd.