trending Market Intelligence /marketintelligence/en/news-insights/trending/izxrif-KJBGoiGtrK7NN0g2 content esgSubNav
In This List

Moody's places Banca Carige's ratings under review, with direction uncertain

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Moody's places Banca Carige's ratings under review, with direction uncertain

Moody's on Jan. 11 placed Italy-based Banca Carige SpA's Caa3 long-term issuer rating and Caa1 long-term deposit ratings under review, with direction uncertain.

At the same time, the agency affirmed the bank's baseline credit assessment and adjusted baseline credit assessment of ca.

The move follows the ECB's recent decision to place the bank under special administration and the Italian government's approval of a decree through which it granted guarantees on Carige's new liabilities and set aside €1 billion for a potential precautionary recapitalization.

The review with direction uncertain reflects the potential for these diverse scenario to affect the ratings positively or negatively.