Moody's assigns first-time Ba1 deposit rating and Ba2 issuer rating to Banco BPM following transfer of assets and liabilities from Banco Popolare and Banca Popolare di Milano
Standalone BCAs of Banco Popolare and BPM withdrawn. Madrid, January 03, 2017-- Moody's Investors Service has today assigned the following ratings to Banco BPM SpA: deposit ratings of Ba1/Not Prime; a long-term issuer rating of Ba2; a standalone baseline credit assessment and adjusted BCA of b1; and Counterparty Risk Assessments of Ba1/ Not Prime. The outlook on the bank's long-term deposit rating is stable, and negative on the issuer rating.
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