Financial
Moody’s reviews the bank’s ratings
Rating agency Moody’s Investors Services has revised the Bank’s long-term senior unsecured debt rating to ‘Caa1’ from ‘B3’, affirming its long-term deposit rating at ‘B1’ and standalone baseline credit assessment (BCA) at ‘caa1
Siena, 3 December 2018 – Banca Monte Paschi di Siena announces that rating agency Moody’s Investors Services has revised the Bank’s long-term senior unsecured debt rating to ‘Caa1’ from ‘B3’, affirming its long-term deposit rating at ‘B1’ and standalone baseline credit assessment (BCA) at ‘caa1’.
The outlook on the long-term deposit ratings has been changed to negative from stable, in line with the senior unsecured debt outlook.
In June and July of this year, rating agencies DBRS Ratings Limited and Fitch Ratings had conversely confirmed the ratings assigned to the Bank:
- DBRS: long-term rating ‘B (high)’, short-term rating ‘R-4’ and outlook stable;
- Fitch: short- and long-term rating ‘B’, with stable outlook.
The full versions of the rating agencies’ press releases are available on their respective websites.
