trending Market Intelligence /marketintelligence/en/news-insights/trending/ycC2a7QQDvZP08h8cipVbg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Fitch upgrades Banca Monte dei Paschi di Siena

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

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.