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Standard & Poor's Downgrades Banca Carige SpA Cassa Di Risparmio Di Genova e Imperia to B-/C-Reuters


Tuesday, 19 Nov 2013 07:00pm EST 

Reuters reported that Standard & Poor's (S&P) downgraded Italy's Banca Carige SpA Cassa Di Risparmio Di Genova e Imperia by two notches, saying it would be difficult for the lender to boost its capital base by EUR 800 million as required by the Bank of Italy. In a statement issued on November 20, 2013, S&P said it had cut Banca Carige's rating to B-/C from B+/B, while keeping the lender on creditwatch negative. 

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