(Finance) – The rating agency S&P Global, at the end of the evaluation process, assigned a Banca Popolare di Sondrio the following ratings: Stand alone credit profile: “BBB-”; Long-term Issuer Credit Rating: “BBB-”; Short-Term Issuer Credit Rating: “A-3”; Long-term Resolution Counterparty Rating: “BBB”; Short-term Resolution Counterparty Rating: “A-2”.
The outlook for all assigned ratings is rated Stable.
The positive ratings assigned – we read in a note – reflect “the appreciation for high capitalizationthe positive track record in risk management, the development potential related to the consolidated presence of the Bank in the most developed regions of the country”.
“The evaluation of the primary agency S&P Global is a reason for us great satisfaction because it reflects the excellent results achieved in recent years, staying on the market with a clear and distinctive strategy. Being rated investment grade means recognizing the bank’s ability to express at various levels – profitability, efficiency and capitalization – indicators of excellencea prerequisite for continuing along the consolidated growth path, focusing on innovation, on internationalization for the benefit of companies, on territorial presence in areas with high potential for economic developmentwithout forgetting the social aspects inherent in the company mission, which is to bank in the interests of families and businesses and all stakeholders”, he commented Mario Alberto PedranziniManaging Director and General Manager of Banca Popolare di Sondrio.