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View Full Version : Intesa, Mediobanca Ratings Cut by S&P After Italy's Downgrade - Bloomberg



NewsWhore
09-21-2011, 03:20 PM
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Intesa, Mediobanca Ratings Cut by S&P After Italy&#39;s Downgrade (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFuja_6oeXYz1tH27DG3zmE_6z5Bw&url=http://www.bloomberg.com/news/2011-09-21/intesa-mediobanca-ratings-cut-by-s-p-after-italy-s-downgrade.html)
Bloomberg
“We generally cap most bank issuer ratings at the level of the foreign currency long-term rating on the related sovereign,” S&P said. Intesa, Italy&#39;s second-largest lender, and investment bank Mediobanca were lowered to A, the same level as Italy, ...

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