Banco Popolare - Credit Update - 2009/11/06 - Fitch Research

Report title: Banco Popolare

from Fitch Research
1 page (902 word) report published Nov 06, 2009

Price $165.00 available for immediate download

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...Banco Popolare's (BP) ratings are based on its position as the fourthlargest bank in Italy, its strong franchise in some of Italy's wealthiest regions and its good potential to improve core operating revenue and efficiency. They also reflect the bank's only acceptable asset quality, which has deteriorated, partly due to the acquisition of Banca Italease (Italease; rated Longterm IDR `BBB+' Rating Watch Negative), and tight capitalisation....

Report Type:

Credit Update

Company(ies):

Banco Popolare Societa Cooperativa SCRL, Credito Bergamasco S.p.A.

Ticker(s):

BP , CB

Issuer:

Credito Bergamasco

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