Article: Standard & Poor's Raises San Paolo IMI's Long-Term Rating to A+; IMI Withdrawn.

PARIS, Nov. 3 Standard & Poor's today raised its long-term counterparty credit ratings on San Paolo IMI SpA (formerly Istituto Bancario San Paolo di Torino SpA) and related entities to single-'A' -plus from single- 'A' and affirmed their 'A-1' short-term ratings. The ratings have been removed from CreditWatch Positive where they had been placed on Feb. 12, 1998. At the same time, Standard & Poor's lowered its long-term ratings on Istituto Mobiliare Italiano SpA (IMI) and related entities to single- 'A' -plus from double- 'AA' -minus and removed them from CreditWatch Negative, where they had been placed on Feb. 12, 1998. In a related action, Standard & Poor's withdrew ...

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