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Moody's Lowers Banca Popolare di Milano Scarl's Long Term Rating


Thursday, 19 Sep 2013 03:48am EDT 

Banca Popolare di Milano Scarl announced that the International rating agency Moody's has lowered by one notch the long term rating on Banca Popolare di Milano Scarl to `B1' from `Ba3' and consequently the stand alone baseline credit assessment to `b2' from `b1'. The negative credit watch placed on May 16, 2013 was removed.The outlook is negative in line with the majority of Italian banks. This action is primarily due to the ongoing delay in reforming the corporate governance of the Bank. 

Company Quote

0.6345
-0.0105 -1.63%
19 Sep 2014