Moody's assigns B2 senior unsecured rating to Credito Valtellinese's €300,000,000 debt issuance, outlook stable
Rating Action: Moody's assigns B2 senior unsecured rating to Credito Valtellinese's €300,000,000 debt issuance, outlook stable. Global Credit Research- 29 Nov 2019. Paris, November 29, 2019-- Moody's Investors Service has today assigned a B2 long-term senior unsecured debt rating to Credito Valtellinese S.p.A.' s three-year 300,000,000 senior preferred unsecured debt issuance under its EMTN programme senior unsecured instruments rated B2.Banca Piccolo Credito Valtellinese SpA is an Italy-based company engaged in the banking sector. Its a parent of a banking group, which consists of territorial banks, specialized finance companies and special purpose companies for the provision of services to all the companies of the group. It operates through three segments. The Market segment offers the production and sale of lending products, as well as investment and transfer services. The Specialized Finance division focuses on insurance products, loans, management of lease credits and medium and long-term financing. The Production sector monitors the management and development of information and communication technology, as well as it manages real estate assets. In additionally, it is engaged in the provision of commercial banking services, fiduciary services, management of local tax services, treasury and cash services.
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