Banca Piccolo Credito Valtellinese SpA (PCVI.MI)
Fri, Jul 14 2017
MILAN, July 14 Shares in Italy's Creval rose 5 percent on Friday after the mid-tier regional bank said it had completed a deal to shed 1.4 billion euros ($1.6 bln) of soured loans.
July 14 Italian lender Credito Valtellinese (Creval):
* has closed sale of bad loan portfolio worth 1.4 billion euros ($1.60 billion) through securitisation and use of state-guarantee on senior tranches
MILAN, July 12 Italian regional lender Credito Valtellinese has finalised a sale of a 1.4 billion euro ($1.6 billion) bad loan portfolio and could announce it shortly, a source close to the matter said on Wednesday.
* Denis Dumont raised stake to 5.784 percent as of June 20 up from 3.02 percent as of May 18 - regulatory filing Further company coverage: (Reporting by Milan Newsroom)
(The following statement was released by the rating agency) MILAN/LONDON, June 22 (Fitch) Fitch Ratings has downgraded Credito Valtellinese's (Creval) Long-Term Issuer Default Rating (IDR) to 'BB-' from 'BB' and Viability Rating (VR) to 'bb-' from 'bb' and removed them from Rating Watch Negative (RWN). The Outlook is Negative. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS IDRS, VR AND SENIOR DEBT The downgrade reflects Fitch's view tha
MILAN, April 5 Italian mid-sized bank Credito Valtellinese is offering a subordinated bond worth 150 million euros ($160 million) with a 10-year maturity and an 8.5 percent coupon, market sources said.