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Moody's Investor Service Places Banco Popolare Sc's Long and Short-Term Rating and Bank Financial Strength Rating Under Review for Possible Downgrade


Wednesday, 28 Nov 2012 02:32am EST 

Banco Popolare Sc announced that on November 27, 2012, Moody's Investor Service placed the long and short-term ratings of Banco Popolare Baa3/P-3, as well as the so-called Bank Financial Strength Rating D+, under review for possible downgrade. Such decision follows the publication, on November 19, 2012, of Moody's Banking System Outlook for Italy, in which the rating agency expresses its view that all factors considered in evaluating the Italian banking system continue to be under pressure due to the difficult macroeconomic scenario. 

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