Frankfurt am Main, November 14, 2014 -- Moody's announced today that an amendment to the interest rate hedging structure would not, in and of itself and as of this time, result in the downgrade or withdrawal of the rating assigned to the mortgage covered bonds issued by Banca Popolare di Milano S.C.a r.l.. Banca Popolare di Milano S.C.a r.l. is rated deposits B1 negative, BFSR E+/BCA b2 negative, while Banca Popolare di Milano S.C.a r.l.'s mortgage covered bonds are rated Baa1.
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