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Istituto Centrale delle Banche Popolari Italiane SpA

Published Jan 16, 2015

About This Report

Abstract:

Dominant market positions in payment services and credit card-related services in Italy. Solid capital position in the context of the prevailing high-risk economic environment in Italy. Low credit risk profile. Business concentrated in a niche market with a domestic scope. High fixed-cost base. Potential operational risk losses in payment services and credit card-related activities. The stable outlook on Istituto Centrale delle Banche Popolari Italiane SpA (ICBPI) reflects Standard&Poor's Ratings Services' view that the ratings on ICBPI already incorporate most of the risks stemming from the fragile economic conditions in Italy that we anticipate may affect ICBPI's performance. It also reflects our expectation that ICBPI should continue to post positive bottom-line performance and preserve its capital position. We could

Report Type:

Full Report

Issuer

Istituto Centrale delle Banche Popolari Italiane SpA

GICS

Asset Management & Custody Banks (40203010)

Sector

Global Issuers

Country

Italy

Region

Europe, Middle East, Africa

Format:

PDF

Research Update: Italy-Based ICBPI 'BB+' Rating Placed On CreditWatch Negative On Announcement Of Acquisition – 2015/06/24 – US$ 225.00

Research Update: Istituto Centrale Delle Banche Popolari Italiane 'BB+' Ratings Kept On CreditWatch Negative Pending Regulatory Approval – 2015/09/22 – US$ 225.00

Italian Bank ICBPI Kept On Watch Negative Pending Regulatory Approval; Preliminary 'B' Rating Assigned To The PIK Notes – 2015/11/02 – US$ 150.00

Research Update: Italian Bank ICBPI Kept On Watch Negative Pending Regulatory Approval; Preliminary 'B' Rating Assigned To The PIK Notes – 2015/11/02 – US$ 225.00

Research Update: Italian Bank ICBPI Rating Lowered To 'BB-' On Private Equity Acquisition; Outlook Stable – 2015/12/22 – US$ 225.00

Summary: Istituto Centrale delle Banche Popolari Italiane SpA – 2015/01/16 – US$ 225.00

Research Update: Italian Bank ICBPI Ratings Lowered To 'BB+/B' On Increased Economic Risks In Italy; Outlook Stable – 2014/12/18 – US$ 225.00

Istituto Centrale delle Banche Popolari Italiane SpA – 2013/12/27 – US$ 500.00

Summary: Istituto Centrale delle Banche Popolari Italiane SpA – 2013/12/27 – US$ 225.00

Research Update: Istituto Centrale Delle Banche Popolari Italiane Ratings Affirmed At 'BBB-/A-3'; Outlook Negative – 2013/07/24 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Istituto Centrale delle Banche Popolari Italiane SpA" Jan 16, 2015. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Istituto-Centrale-delle-Banche-Popolari-Italiane-SpA-1379588>

APA:	S&P Global Ratings’ Credit Research. (). Istituto Centrale delle Banche Popolari Italiane SpA Jan 16, 2015. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Istituto-Centrale-delle-Banche-Popolari-Italiane-SpA-1379588>

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