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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BING NEWS:
  • S&P cuts rating on 18 medium-sized Italian banks
    The ratings for UBI and Credem were lowered to 'BBB-', that of Banca Popolare di Milano (PMII.MI) and Banco Popolare Societa Cooperativa (BAPO.MI) to 'BB', while Banca Carige (CRGI.MI) was cut to 'BB-'. Other affected banks included FGA Capital ...
    07/24/2013 - 6:51 am | View Link
  • Standard & Poor's cuts ratings on 18 Italian banks citing prolonged high cost of funding
    Ratings agency Standard & Poor’s has cut its ratings on 18 Italian banks, citing increased industry risks from a sustained higher cost of funding than in most other eurozone banking markets. It added that it doesn’t see Italy’s downward per capita ...
    07/23/2013 - 6:56 pm | View Link
  • News Summary: S&P downgrades 15 Italian banks
    DOWNGRADES: Standard & Poor's has cut ratings on 15 Italian banks, but backed its current ratings on 15 of the country's biggest banks. BANK WOES: The ratings agency said many Italian banks had cut reserves for loan losses even as problematic assets increased.
    08/6/2012 - 7:57 am | View Link
  • S&P affirms ratings of bigger Italian banks
    MILAN (AP) — Standard & Poor's on Monday affirmed the ratings of 15 of Italy's biggest banks, and has cut the ratings on 15 more lenders. The U.S. credit ratings agency warned that Italy's recession will be potentially deeper and more prolonged than ...
    08/6/2012 - 1:27 am | View Link
  • S&P Says Italian Banks Look More Vulnerable, Cuts Ratings On 15
    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 ...
    08/3/2012 - 8:48 am | View Link
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