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Standard & Poor’s Downgrades Banco Popolare Sc's Long and Short-Term Ratings; Confirms Negative Outlook


Friday, 22 Mar 2013 01:49pm EDT 

Banco Popolare Sc announced that Standard & Poor’s has downgraded the Long and Short-term ratings of Banco Popolare and of its subsidiaries Credito Bergamasco and Banca Aletti from BBB-/A-3 with negative outlook to BB+/B keeping a negative outlook. Banco Popolare has informed that it disagrees with the agency's judgment due to several aspects, including the CT1 ratio; liquidity and funding profile, and core profitability, among others. 

Company Quote

11.8
0.26 +2.25%
22 Aug 2014