- Language: English
- Published: July 2012
Research Update: Italy-Based Banca Popolare di Vicenza ScpA Ratings Lowered To 'BBB-/A-3' On BICRA Change; Outlook Negative Feb 12
- Published: February 2012
- 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) on Italy to group '4' from group '3', and our economic risk and industry risk scores on Italy to '4' from '3'. We are lowering our long- and short-term counterparty credit ratings on Italian Bank Banca Popolare di Vicenza (BPVi) to 'BBB-/A-3' from 'BBB/A-2', and removing them from CreditWatch negative. The negative outlook on BPVi reflects our view that deteriorating economic and competitive environment in Italy could affect the bank's asset quality and capital...
Companies mentioned in this report are: Banca Popolare di Vicenza ScpA
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 Vicenza ScpA
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