Paris, March 26, 2020:
Moody’s Investors Service today took rating actions on 15 Italian banks. The outlooks on the long-term deposit ratings of four Italian banks and on the senior unsecured debt ratings for five Italian banking groups were changed to negative from stable. The outlook on one Italian banking group was changed to developing from positive.
The rating agency placed on review for downgrade or direction uncertain some of the ratings and / or assessments of another four Italian banks (see details below) and affirmed with stable outlook the ratings of one Italian bank.
Today’s rating actions reflect the deteriorating operating environment from the coronavirus outbreak in Italy and the associated downside risks to Italian banks’ standalone credit profiles.
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