CREDITO EMILIANO S.P.A. On April, 27 2017, Fitch Ratings reviewed for the worst the ratings of 5 Italian banks, as a mere result of, and in coherence with the recent Italy's Long Term Rating downgrade disclosed to public on April, 21 2017.
Within this context, Fitch Ratings revised Credem's Long Term Rating from "BBB+" to "BBB", while improving the outlook from "Negative" to "Stable" and affirming the Short Term Rating. In detail:
Long Term IDR: from "BBB+" to "BBB",
Short Term IDR: affirmed at "F2",
Support Rating: affirmed at "5",
Support Rating Floor: affirmed at "No Floor",
Viability Rating: from "bbb+" to "bbb"
Outlook: from "Negative" to "Stable"
The original Fitch Ratings' press release is available on the agency's website.
Reggio Emilia, April,28 2017
CREDITO EMILIANO SPA
(Chairman) Giorgio Ferrari
Contacts:
Media Relations Credem+39 02 77426202 / +39 0522 582075
rel@credem.it
Investor Relations Credem+39 0522 582785 / 582580
investor@credem.it
www.credem.it
CREDEM - Credito Emiliano S.p.A. published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 April 2017 08:24:12 UTC.
Original documenthttps://www.credem.it/content/dam/credem/documenti/Sala_Stampa/en_sala_stampa/press-releases/in-corso/2017/press release Credem 28_04_2017.pdf
Public permalinkhttp://www.publicnow.com/view/464DC2735688CD03928D1F691CB7B18586C8C067
