Banca Monte dei Paschi di Siena informs that, following the downgrade of Italy’s GDP forecast for 2012 and 2013, the International ratings agency Standard&Poor’s has lowered BMPS’ ratings. Specifically, the agency revised down its assessment of MPS’ Stand Alone Credit Profile (SACP) to ‘bb+’ from ‘bbb’ and its long and short-term ratings to ‘BBB-’/‘A-3’ from ‘BBB’/‘A-2’.
Outlook is negative. The full version of Standard&Poor’s press release can be viewed on the rating agency’s website www.standardandpoors.com.
