Standard & Poor's he put underneath negative credit watch the long-term rating of Banca Popolare di Milano and its subsidiary Banca Akros, however confirming its short-term rating.
The provision concerns a total of 23 Italian banks and is linked to the lowering of Italy's sovereign rating (from "BBB+" to "BBB"), which arrived on 9 July.
Bpm's share on the Stock Exchange is the worst of the Ftse Mib, leaving more than two and a half percentage points on the field at the beginning of the afternoon.
