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Standard&Poor’s Downgrades Banca Monte dei Paschi di Siena SpA's Stand Alone Credit Profile and Long Term Rating; Affirms Short Term Rating

Thursday, 31 Jan 2013 01:28pm EST 

Banca Monte dei Paschi di Siena SpA (BMPS) announced that on January 31, 2013, the International ratings agency Standard&Poor’s has lowered BMPS’ ratings. Specifically, the agency revised down its assessment of BMPS’ Stand Alone Credit Profile (SACP) to b from b+ and its long term rating to BB from BB+. Outlook remains on CreditWatch negative. The bank's short-term rating, B, has been affirmed.