BPER: Standard & Poor's removed the ratings from CreditWatch negative and revised the Bank’s long-term rating to “BBB” from “BBB+”
 

Banca popolare dell’Emilia Romagna: Standard & Poor's removed the ratings from CreditWatch negative and revised the Bank’s long-term rating to “BBB” from “BBB+” following the lowering of the sovereign credit ratings on the Republic of Italy on January 13, 2012. The rating agency affirmed the Bank’s short-term rating at “A-2” and the outlook is “negative”.
 

Banca popolare dell’Emilia Romagna informs that today, the rating agency Standard & Poor’s has removed the BPER’s ratings from CreditWatch with negative implications, where they were placed on December 7, 2011. At the same time, it has revised the Bank’s long-term rating to “BBB” from “BBB+“ and affirmed short-term rating at “A-2”.  The outlook is “negative”.


Standard and Poor’s decision follows the lowering of the sovereign credit ratings on the Republic of Italy on January 13, 2012. At the same time, Standard and Poor’s has maintained its view of BPER’s “adequate” business position, “adequate” capital and earnings, “adequate” risk position, “average” funding and “adequate” liquidity.
 

The Standard and Poor’s press release is attached.