Financial

Siena, 14 December 2018 – Banca Monte dei Paschi di Siena (BMPS) announces that DBRS Ratings Limited has upgraded the Bank’s long-term deposit rating by one notch, bringing it to ‘BB (low)’ from ‘B (high)’. Therefore, the ratings assigned to BMPS by DBRS are currently:

  • Long-Term Issuer Rating: B (high)
  • Short-Term Issuer Rating: R-4
  • Long-Term Senior Debt: B (high)
  • Long-Term Deposits: BB (low)

with a ‘stable’ trend on all ratings.
Today’s rating action reflects the introduction in Italy, from 1 January 2019, of full depositor preference in bank insolvency and resolution proceedings, following the implementation in Italy of the EU Bank Recovery and Resolution Directive No. 2014/59/EU (BRRD).
The rating agency’s full statement is available on its corporate website, at www.dbrs.com.

Contacts

Relazioni con i media

Media Relations

Ph: +39 0577 296634
Email: ufficio.stampa@mps.it

Investor Relations

Ph: +39 0577 299350
Email: investor.relations@mps.it

Last modified: 14/12/2018