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Moody’s Downgrades Banca Monte dei Paschi di Siena SpA's Long-Term Debt and Deposit Ratings

Friday, 10 May 2013 02:25am EDT 

Banca Monte dei Paschi di Siena SpA announced that Moody’s has downgraded the bank's long-term debt and deposit ratings to ‘B2’ from ‘Ba2’, with negative outlook. At the same time, the standalone bank financial strength rating (BFSR) of ‘E’ was remapped to a standalone baseline credit assessment (BCA) of ‘caa3’ from ‘caa1’. 

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