Moody's long term bank deposit ratings12/23/2023 The improvement in the outlook also takes into consideration the Bank's progress in reducing non-performing loans, the sound capital position and ample liquidity, as well as the strengthening of its franchise following the acquisition of branches from Intesa Sanpaolo, which will generate a series of synergies over the medium term. Via the Internet: By telephone from the United States: Dial 1-866-330-MDYS (1-86) By telephone from outside the United States: Dial the AT&T Direct Dial Access® code for your location. The rating update reflects Moody's expectations of GDP growth of 3.7% in 2021 after the 8.9% contraction in 2020, even though the external environment for Italian banks still remains challenging due to the restrictive measures that are still in place and the persistence of negative rates which will continue to weigh on the system's profitability. Moodys rating symbols, rating scales and other ratings-related definitions are contained in Aaa Obligations rated Aaa are judged to be of the highest quality. BPER Banca informs that the rating agency Moody's, as part of an update involving various credit institutions, today improved the Bank's outlook to "stable" from "negative", at the same time confirming all of the ratings assigned to BPER, including the long-term rating on deposits and the issuer rating of “Baa3” and “Ba3” respectively. At the same time, Moodys downgraded the banks long-term foreign-currency deposit rating to B3 from B2.The standalone BCA of caa1 is driven by Denizbanks relatively weak asset quality in a.
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