Standard & Poor's Applies Revised Bank Criteria To 33 Italy-Based Banks Dec 11

Standard & Poors, December 2011

Abstract
MILAN (Standard & Poor's) Dec. 7, 2011--Standard & Poor's Ratings Services today said it has reviewed its ratings on 33 Italy-based financial institutions by applying its new ratings criteria and updated group methodology for banks. In addition, Standard & Poor's has placed these ratings on CreditWatch with negative implications following the same action on the 'A/A-1' unsolicited long- and short-term sovereign ratings on the Republic of Italy on Dec. 5, 2011, (see "Italy's Unsolicited 'A/A-1' Ratings Placed On CreditWatch Negative"). We intend to resolve the CreditWatch placement shortly after resolution of the CreditWatch on the Republic of Italy. See the ratings list below for ratings on these financial institutions and their relevant subsidiaries, including any ratings changes that resulted from...

Action: On CreditWatch:Negative

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.

- UniCredit SpA
- Banca Monte dei Paschi di Siena SpA
- Dexia Crediop SpA
- Intesa Sanpaolo SpA
- MedioCredito Centrale SpA
- Banca Popolare dell'Emilia Romagna S.C.
- Banca Carige SpA
- Banca Popolare di Milano SCRL
- Veneto Banca SCPA
- Credito Bergamasco
- Mediobanca SpA
- Banca Fideuram
- Iccrea BancaImpresa SpA
- Banca Popolare di Vicenza ScpA
- Iccrea Banca SpA
- Credito Emiliano SpA
- Banca Popolare dell'Alto Adige
- Cassa di Risparmio di Cento SpA
- Agos-Ducato SpA
- Banca Mediocredito del Friuli-Venezia Giulia SpA
- Istituto per il Credito Sportivo
- Unione di Banche Italiane Scpa
- Iccrea Holding SpA
- Banca Akros SpA
- Banca Aletti & C. SpA
- Cassa di Risparmio della Provincia di Teramo SpA
- Banca di Credito Cooperativo San Marzano di San Giuseppe S.c.r.l.
- Banco Popolare Societa Cooperativa SCRL
- Banca Nazionale del Lavoro SpA
- CartaSi SpA
- BancaSai SpA
- Unipol Banca SpA
- FGA Capital SpA
- Banca di Credito Cooperativo di Conversano S.c.r.l
- Cassa di Risparmio di Parma e Piacenza SpA

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