Research Update: Italy-Based Banca Popolare di Vicenza ScpA Ratings Lowered To 'BBB-/A-3' On BICRA Change; Outlook Negative Feb 12
- ID: 2055002
- 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
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