MPS Capital Trust I -- Moody's continues ratings review of Banca Monte dei Paschi di Siena's ratings, direction of review changed to uncertain

London, 08 August 2016 -- Moody's Investors Service has today changed the review on Banca Monte dei Paschi di Siena S.p.A.'s (Montepaschi) B2 long-term deposit rating, B3 long-term senior unsecured ratings to direction uncertain, previously on review for downgrade; the rating agency also put on review with direction uncertain Montepaschi's Ca and Ca(hyb) subordinated and junior subordinated debt, and ca standalone baseline credit assessment (BCA). The review with direction uncertain reflects the potential for improvements in the bank's creditworthiness in the event of a successful implementation of the bank's restructuring plan announced on 29 July 2016. The review also reflects the considerable uncertainty as to whether the plan will be executed as outlined, and the anticipated negative consequences for the bank's creditors if unsuccessful.

Vollständigen Artikel bei Moodys lesen