Banca Popolare di Sondrio ScpA (BPSI.MI)
15 Dec 2017
* ECB CONCLUDES SUPERVISORY REVIEW AND EVALUATION PROCESS WITH MINIMUM CET1 RATIO OF 8.38 PCT Source text for Eikon: Further company coverage: (Gdynia Newsroom)
The following factors could affect Italian markets on Wednesday.
(The following statement was released by the rating agency) LONDON/MILAN, June 20 (Fitch) Fitch Ratings has downgraded Banca Popolare di Sondrio's (Sondrio) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BBB' and Viability Rating (VR) to 'bbb-' from 'bbb'. The Outlook is Stable. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS IDRS AND VR The downgrade primarily reflects Fitch's view that Sondrio's strategy will ultimately fail to