MILAN (S&P Global Ratings) March 11, 2021--S&P Global Ratings today said it withdrew its 'BB-/B' long- and short-term issuer credit ratings on Italy-based DEPObank - Banca Depositaria Italiana S.p.A. Following the merger deed with BFF Banking Group on March 1, 2021, with effective date from March 5, DEPObank ceased to exist as separate legal entity. At the time of the withdrawal, the ratings on DEPObank were on CreditWatch with positive implications and there were no debt issue ratings outstanding. General Criteria: Group Rating Methodology, July 1, 2019 Criteria Financial Institutions General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings, April 7, 2017 Criteria Financial Institutions Banks: Quantitative Metrics
