After improving the outlook on the country system, the rating agency Moody’s expresses himself positively also on our sBanking Ettoreimproving the outlook by at least 16 Institutes and promoting Banca Monte dei Paschi di Siena with a raising of credit meritas a result of the restoration and improvement of budget metrics (economic and patrimonial).
In particular, the rating agency has the macroeconomic profile raised of Italy From “Forte-” to “Forte” To reflect an increasingly favorable operating context and better credit and financing conditions, which are exercising a positive impact on the individual credit profiles of Italian banks. Italian banks – explains the agency – operate in a large and diversified economywith high levels of financial wealth and moderate debt levels of the private sector. The financing conditions of Italian banks are improved In recent years, benefiting from the reduction of volatility and returns in the Italian wholesale collection market. Italian banks also continue to benefit from a Base of large and stable deposits And, in 2024, they fully reimbursed the ECB loans of the ECB, without any significant impact on the profiles of financing and liquidity of the banks.
MPS promoted for remediation
Rating raising of Banca Mps From Ba2 to Ba1 Operated by Moody’s reflects the improvement of the bank creditworthiness of the bank as part of a more solid operational context for Italian banks. MPS BCA (Baseline Credit Assessment) reflects the greater profitability recurrent, the improvement of the patrimonial risk and the solid capitalization of the bank. Also get up the long -term deposits rating from Baa3 to Baa2 and the senior debt rating not guaranteed by Ba2 to Ba1. The Outlook remains positive.
Unicredit: neutral or positive acquisitions for rating
The agency has instead Improved Outlook of Unicredit positive by stable, confirming the Baa3 ratingwho takes into account his solid financial performance In the context of more solid operating conditions in Italy, in particular the solid risk parameters of assets and solid capitalization. The rating also reflects the expectation that, if The acquisition of Banco BPM It was aimed, Unicredit’s financial profile would remain substantially unchanged, while the potential acquisition of comrazbank It could improve the group reliability of the group through greater international diversification in more solid geographical areas. This would attach the intrinsic correlation between the credit reliability of Unicredit and that of the Italian government.
Intesa Sanpaolo: rewarded by solid generation useful
Improvement of the positive outlook by stable also for Intesa Sanpaolo, while the confirmation of the baa3 rating reflects the solidity of the home presence of the bank, with leading market positions in all business areas in Italy and a significant diversification of revenues, which translates into a capacity of generation of solid and supported profitsin the context of more solid operating conditions in Italy. The rating is supported by solid patrimonial risk indicators and solid capital buffers, while maintaining a high remuneration for shareholders.
Banco BPM: positive integration effects
Positive outlook and rating confirmation For Banco BPM (Baa3), thanks to the improvement of the bank’s credit profile in the context of more solid operating conditions for Italian banks. The confirmation also takes into account the provision that, if The acquisition by Unicredit It was aimed, Banco Bpm would be completely integrated into Unicredit. The confirmation of the rating also reflects the belief that Banco Bpm would benefit From the greater credit merit of Unicredit, even if this does not translate into a higher credit rating, since it is already at the same level as the Unicredit rating equal to Baa3.
Mediobanca: solid and profitable but concentrated
There confirmation of the baa3 rating Of Mediobanca reflects the solid capitalization of the bank and the profitability Good and diversified, mitigated by a certain concentration of the active ingredients and the bank’s high dependence on the Wholesale funding. Moody’s takes into account potential Acquisition of Banca Generali by Mediobanca, who could improve the bank’s financial profile over time. The Outlook has improved stable.
Bper Banca: good also with Pop Sondrio
There Rating confirmation Baa3 Of Bperequal to, reflects the solid Quality of active ingredientspatrimonial solidity, the improvement of profitability and one Solid base of deposits Retail of the Bank, in the context of more favorable operating conditions in Italy. The confirmation of the rating takes into account also of the capital increase of the bank approved by its shareholders to fully finance theAcquisition of Banca Popolare di Sondrio. The entity resulting from the merger, if the acquisition is completed, will maintain its overall credit merit. The Outlook has improved positive.
The other institutes promoted by Moody’s
Moody’s then expressed himself on Bnl Bring the rating From Ba2 to Ba1 and with Outlook improved positivelyin consideration the most favorable operating conditions of Italian banks and the significant dependence of BNL on funding provided by the parent company BNP Paribas.
Raised the rating by Credit Agricole Italy From Baa1 to Baa3. The rating also reflects a very high probability of support from the parent company Crédit Agricolewhich now translates into an increase in two notch of the bank rating compared to the previous three notchs.
On Banca Sella was raised the rating from Ba2 to Ba1 And the Outlook has improved positively, while for BFF BANKthe agency Confirm the rating Ba3 and the stable outlook.
Moody’s raise the rating of Mediocredit From Ba1 to Baa3 and confirms a stable outlookin considering more solid operating conditions and a better quality of the bank’s active ingredients, patrimonial solidity and good liquidity.
For Credem confirmation of the Baa3 rating reflects the solidity of the bank’s solvency position and is supported by a solid patrimonial position and a higher quality of the credits. The Outlook has improved positive.
Confirmation of the Baa3 rating and Outlook improved positively also for Cdp and Invitaliain line with the sovereign rating of Italy. Both institutions – reports – have mandates public to support the policies of the Italian government and the national public sector, which translates into a very strong level of integration between them and the Italian government.
