MOODY’S* FITCH** Morningstar DBRS***
Long term **** ‘Ba2’ Long term 'BB+' Long term 'BB (high)'
Outlook***** "Positive" Outlook “Positive” Outlook Positive"
Short Term '(P)NP' Short Term 'B' Short Term 'R-3'
Outlook   Outlook   Outlook “Positive”
Latest update: 01/31/2025 Latest update: 10/25/2024

Latest update: 04/15/2024

 

Moody’s (31 January 2025): the rating agency, following the Bank’s announcement of an acquisition offer for Mediobanca (24 January 2025) has improved the outlook to positive, from stable, on the long-term deposit and senior unsecured debt ratings, affirming all bank’s ratings. 

** Fitch (25 October 2024): the rating agency has upgraded the Bank’s ratings by 1 notch, raising the Long-Term Issuer Default Rating to “BB+” from “BB”, and the Viability Rating to “bb+” from “bb”. The outlook has been improved to positive.

 

*** DBRS Ratings GmbH (15 April 2024): Morningstar DBRS has upgraded the Bank's ratings by two notches, leading the standalone Intrinsic Assessment rating, the Long-Term Issuer rating and the Long-Term Senior Debt rating to “BB (high)” from “BB (low)”, and the Long-Term Deposit rating to “BBB (low)” from “BB”. The subordinated debt rating has been upgraded by 3 notches to “BB (low)” from “B (low)”.

**** Long-Term Senior Unsecured Debt Rating

***** Outlook on the long-term deposit and senior unsecured debt ratings

Last modified: 06/02/2025