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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  • Moody’s downgrades 26 Italian banks
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  • Moody's slashes ratings for 26 Italian banks
    Ten banks saw their ratings newly cut from investment grade to junk-grade, including two that received four-notch reductions: Banco Popolare di Cividale and Banco Popolare di Spoleto, both cut from Baa1 to Ba2. All of the banks were also put on negative ...
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