Italian Banks' Ratings Cut By Moody's

Moody's Investors Service lowered its long-term ratings on 10 Italian banks and its issuer ratings on three Italian financial institutions by one to two notches Monday.

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  • S&P cuts rating on 18 medium-sized Italian banks
    MILAN (Reuters) - Ratings agency Standard & Poor's cut its long-term counterparty credit ratings by one notch on 18 medium-sized Italian banks, including Unione di Banche Italiane (UBI.MI) and Credito Emiliano (EMBI.MI), citing a worsening economic outlook.
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    Standard & Poor’s cut its ratings on 15 Italian banks Friday, warning that the country’s recession is likely to be worse than it previously expected. “We think Italian banks’ vulnerability to credit risk in the economy is rising,” S&P said ...
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  • UniCredit, Intesa Among 13 Italian Banks Cut by Moody’s
    UniCredit SpA (UCG) and Intesa Sanpaolo SpA (ISP) were among 13 Italian banks that had credit ratings cut by Moody’s Investors Service, which cited the nation’s weakening economy and government finances. UniCredit, Italy’s biggest bank, and Intesa ...
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  • 13 Italian banks undergo ratings cut
    A group of 13 Italian banks have had their credit ratings downgraded amid growing fears about their country's financial prospects. Moody's Investors Service has announced it has cut the long-term debt and deposit ratings of ten of the nation's financers by ...
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