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Article: ITALY: MOODY'S CONCLUDES REVIEWS ON 5 ITALIAN BANKS.

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IPR Strategic Business Information Database
Article date:
September 9, 2009
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Moody's Investors Service today concluded its rating review for 5 Italian banks. These rating reviews had been initiated on June 18th, at which time the ratings of 21 Italian banks had been placed on review for possible downgrade. With the conclusion of these reviews all the rating actions initiated on June 18th have now been concluded. The outcome of these rating actions was varied. One institution,UniCredit Leasing, saw its issuer rating confirmed. The remaining banks saw downgrades of the Bank Financial Strength Ratings (BFSR) which resulted in their Baseline Credit Assessments (BCA) lowered by two to three notches. However all five institutions are subsidiaries ...

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