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Provider: Reuters Investment Profile
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Provider: Directors Deals Ltd.
$12.00
Provider: Directors Deals Ltd.
$12.00
Provider: Sadif Analytics Prime
$10.00

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Moody's Downgrades Banca Piccolo Credito Valtellinese Sc Ratings


Tuesday, 13 Aug 2013 01:54pm EDT 

Banca Piccolo Credito Valtellinese Sc announced that Moody's downgraded the Company's long-term deposit and senior unsecured ratings from Baa3, on review for downgrade, to Ba3, with negative outlook; short-term deposit rating from Prime-3, on review for downgrade, to Not-Prime; standalone bank financial strength rating from D+, on review for downgrade, to E+, with stable outlook. Moody's reasons for the reduction are due to the rapid deterioration in profitability, mainly due to the deterioration of credit quality in a recessionary environment in Italy. The Company informed that it acknowledged Moody's rating while it disagreed on the downgrade motivations expressed. 

Company Quote

0.9915
-0.0075 -0.75%
26 Jan 2015