Research Update: Italian Bank ICBPI And Core Subsidiary CartaSi Affirmed At 'BBB-/A-3', Removed From Watch Negative; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: Italian Bank ICBPI And Core Subsidiary CartaSi Affirmed At 'BBB-/A-3', Removed From Watch Negative; Outlook Negative

Research Update: Italian Bank ICBPI And Core Subsidiary CartaSi Affirmed At 'BBB-/A-3', Removed From Watch Negative; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Italian Bank ICBPI And Core Subsidiary CartaSi Affirmed At 'BBB-/A-3', Removed From Watch Negative; Outlook Negative
Published Feb 10, 2012
Published Feb 10, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Jan. 13, 2012, Standard&Poor's lowered its unsolicited long- and short-term sovereign credit ratings on the Republic of Italy to 'BBB+/A-2' from 'A/A-1', assigned a negative outlook, and removed the ratings from CreditWatch negative. We have revised our Banking Industry Country Risk Assessment (BICRA) on Italy to group '4' from group '3', and our economic risk and industry risk scores on Italy to '4' from '3'. We are affirming our 'BBB-/A-3' long- and short-term ratings on Italian bank Istituto Centrale delle Banche Popolari Italiane (ICBPI) and its core subsidiary CartaSi Spa, and removing them from Creditwatch negative. The negative outlook on ICBPI and CartaSi reflects the possibility that we could lower their ratings if we saw further weakening

  
Report Type:

Research Update

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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Italian Bank ICBPI And Core Subsidiary CartaSi Affirmed At 'BBB-/A-3', Removed From Watch Negative; Outlook Negative" Feb 10, 2012. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Italian-Bank-ICBPI-And-Core-Subsidiary-CartaSi-Affirmed-At-BBB-A-3-Removed-From-Watch-Negative-Outlook-Negative-936851>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Italian Bank ICBPI And Core Subsidiary CartaSi Affirmed At 'BBB-/A-3', Removed From Watch Negative; Outlook Negative Feb 10, 2012. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Italian-Bank-ICBPI-And-Core-Subsidiary-CartaSi-Affirmed-At-BBB-A-3-Removed-From-Watch-Negative-Outlook-Negative-936851>
  
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