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

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


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.