- Published: August 2011
- Region: Ireland
Research Update: Banca Popolare di Milano And Core Subsidiary Ratings Lowered To 'BBB-/A-3' On Italy BICRA Change; Outlook Negative Feb 12
- Published: February 2012
- Region: Italy
- Standard & Poors
On Jan. 13, 2012, Standard & Poor's lowered its unsolicited long- and short-term sovereign credit ratings on the Republic of Italy to 'BBB+/A-2' from 'A/A-1', assigned a negative outlook, and removed the ratings from CreditWatch negative. We have revised our Banking Industry Country Risk Assessment (BICRA) for Italy to group '4' from group '3', and our economic and industry risk scores for Italy to '4' from '3'. We are lowering our long- and short-term counterparty credit ratings on Banca Popolare di Milano (BPM) and its core subsidiary Banca Akros to 'BBB-/A-3' from 'BBB/A-2' and removing them from CreditWatch negative, where they were placed on Dec. 7, 2011. The negative outlooks on BPM and Banca Akros reflect the possibility that we...
Companies mentioned in this report are: Banca Popolare di Milano SCRL,BPM Capital I LLC,BPM Captital Trust I,Banca Akros SpA,BPM Ireland Plc
Action: Outlook: 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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Banca Popolare di Milano SCRL,BPM Capital I LLC,BPM Captital Trust I,Banca Akros SpA,BPM Ireland Plc