June 17, 2014 / 5:52 PM / 3 years ago

S&P removes Pop Milano from negative credit watch after cash call

MILAN, June 17 (Reuters) - Italy’s Banca Popolare di Milano said on Tuesday Standard & Poor’s had removed it from negative credit watch after its 500-million-euro ($681 million) capital increase.

The bank said in a statement S&P had confirmed its “B+” rating with a stable outlook.

$1 = 0.7345 Euros Reporting by Stephen Jewkes

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below