(Finance) – Moody’s confirmed the long-term deposit rating of MPS and its wholly owned subsidiary MPS Capital Services SpA (MPS Capital Services) to “B1” and the unsecured debt to “Caa1” while the standalone reference credit assessment (BCA, standalone Baseline Credit Assessment) to “b3” .
The confirmation – reads a note from Moody’s – concludes the examination in view of a rating increase while the outlook passes from “under review” to “stable”.
The confirmation of the b3 judgment on the BCA “reflects the weakness of the network, of the capital position and of profitability, despite the improvements of the last 12 months”. Among the factors that could cause an increase or a decrease of the Moody’s rating indicates the success of the increase from 2.5 billion euros.