(Finance) – Mediocredito Centrale announces that, today, the rating agency DBRS Ratings GmbH (Morningstar DBRS) has changed the Trend in the Long-Term and Short-Term Issuer Ratings of Mediocredito Centrale – Banca del Mezzogiorno SpA from stable to positive. At the same time, Morningstar DBRS affirmed all of the Bank’s credit ratings, including the Long-Term Issuer Rating at BBB and the Short-Term Issuer Rating at R-2 (high).
The improvement in the trend, explains a note, follows the change in the rating by Morningstar DBRS on the Italian Republic (Italy) which took place last October 25th.