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Istituto Centrale delle Banche Popolari Italiane SpA

Published Dec 22, 2011

About This Report

Abstract:

Important role in providing payment and cash management services to a large number of Italian banks. Strong capital position sustained by high profit retention and good revenue stream. Low credit risk profile. Business concentration in a niche market with a domestic scope. Limited revenue diversification and high fixed-cost base. Potential operational risk losses in payment services and credit card-related activities. The negative CreditWatch placement mirrors that on the Republic of Italy's (A/Watch Neg/A-1) sovereign credit ratings and reflects the possibility that a sovereign downgrade and our view of a worsening of Istituto Centrale delle Banche Popolari Italiane's (ICBPI) stand-alone credit profile (SACP) may affect its ratings and those of its core subsidiary CartaSi SpA (BBB-/Watch Neg/A-3). We intend to resolve

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:

HTML

Research Update: Italian Bank ICBPI And Core Subsidiary CartaSi Affirmed At 'BBB-/A-3', Removed From Watch Negative; Outlook Negative – 2012/02/10 – US$ 225.00

Research Update: Italy-Based ICBPI 'BBB-/A-3' Ratings Affirmed Despite Increased Credit Risk For Italian Banks; Outlook Negative – 2012/08/03 – US$ 225.00

Istituto Centrale delle Banche Popolari Italiane SpA – 2012/12/03 – US$ 500.00

Summary: Istituto Centrale delle Banche Popolari Italiane SpA – 2012/12/03 – 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

Summary: Istituto Centrale delle Banche Popolari Italiane SpA – 2011/12/22 – US$ 225.00

Research Update: Istituto Centrale delle Banche Popolari Italiane Downgraded On Bank Criteria Change And Placed On CreditWatch Negative – 2011/12/07 – US$ 225.00

Research Update: Italian Bank ICBPI And Core Subsidiary CartaSi 'BBB/A-2' Ratings Affirmed On Strong Capitalization; Outlook Stable – 2011/10/18 – US$ 225.00

Istituto Centrale delle Banche Popolari Italiane SpA – 2010/12/03 – US$ 500.00

Summary: Istituto Centrale delle Banche Popolari Italiane SpA – 2010/12/03 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Istituto Centrale delle Banche Popolari Italiane SpA" Dec 22, 2011. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Istituto-Centrale-delle-Banche-Popolari-Italiane-SpA-924128>

APA:	S&P Global Ratings’ Credit Research. (). Istituto Centrale delle Banche Popolari Italiane SpA Dec 22, 2011. 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-924128>

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