trending Market Intelligence /marketintelligence/en/news-insights/trending/ycC2a7QQDvZP08h8cipVbg2 content esgSubNav
In This List

Fitch upgrades Banca Monte dei Paschi di Siena

Blog

Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge


Fitch upgrades Banca Monte dei Paschi di Siena

Fitch Ratings on Aug. 11 upgraded Banca Monte dei Paschi di Siena SpA's long-term issuer default ratings to B from B-, with a stable outlook, and affirmed its short-term rating at B.

The upgrade followed the completion of the bank's recapitalization, which includes a €3.85 billion capital injection from the Italian government.

The agency also removed the bank's ratings from Rating Watch Evolving.

Fitch downgraded the bank's viability rating to "f" from "c" and subsequently upgraded it to "b," reflecting the bank's failure based on the agency's definitions.